Columbia Missourian Newspaper 1980-09-06

              StKE BUWHttWL SOCElt
couissia, so. &--
72nd Year No. 301 Good Morning! It's Saturday, September 6, 1980 1 6 pae - 1 5 i lent
cAh. opBpaesdeycorVnansTtaarlokffsnghwp- Mm- cb, othoefrwBiLse w3, erCedtnomo ldHray, towbaatelers. HIdies sunsemlemsserexdcreoptoflosr fpeaerdchanedd siidlsagfea. mily's corn crop, rendeXig it
Drought to pinch farmers9 wallets
insig& t
ByJeeDBgEB
ywBiigtf riftn fftainT m rlftFT
Ibe snmmer drocghl sad heat codd mean a loss
of more than $ 35 miBwBm income to Boone County
grain farmers, aecortSng to Den Query, Eocoe
Com Agrraorai Staifiizalkc arri CtaEservafen
Service sxzxsv& uc.
" We donl have any era to speak of in Boone
County," saM Emery. " Based en what Ito bearing
from fanners and ocr own appraisals, can yield
wBl average ltt- 1- 5 basbels per acre, and feat indnd- e- s
irrigated fields. Ocr latest appraisal so far has
beeagJtasbek."
Boone Coonty's per- acr- e yield last year was S8.7
basbels, a newrecccd.
lie effects of fee decEne bom for the indrvsdnal
fanners aadthe comity's economy aresshstanslaL
Ibe local ASCS office has receirad DO ajpSca- taco- s
for federal low- yiel- d payments with more
rnmrngai every day. Emery erpeekuva ICO inore
appJyatioretobesLaittedmfitRnH'ij few wseks.
Use low- yiel- d program -- sriH provide a government
payment oft? to $ L27 for every tost bssbel below 4Q
percent of the rMffs average yield. The program is
dteggTwd to help farmers at least partially recoap
fnftaal costs from spring pfartffag fffcp cwf and fer-tilizer.
Has gives fanners a chance to pay for next
year's planting.
Sep ? r iBWr& '
Basey's sod Barry Vanlaodingiiam
sbows bow barren Qiis year's ears are.
" We're seeing a lot more farmers than renal m
bare. For some fiss is the first time feey rase been
mSasoffkemfiireecrfow, yeais," ErQerysaid.
Rk& ard Bodei, University gram marketing spe-cialist,
expects fee com prke paid by elevators to
be in tbe $ 30-$ 3JS- 0 range at harvest in MSssoeri- CsSfl- e
feeders can expect to pay from $ 15010 $ 1
when they boy core, be said. This is sSgikfy higher
than normal bat not nearly mgb enccgh to conjpen- sat- e
for yield declines of op to 93 percent for some
Boone County faxmers.
Ordmarfly, there would be higher prke rises in
me wake of sods xedaced yM&. However, Has
year's heat and drosgM was localized In parts of
Mjssobq HiisJe other secSoosref tia Qaai Beit, psr- tkaia- riy
Iowa andHfests, w21 hare near oormal
yields.
Rm said, " A tbht& xp of coB& ies m SEssoori,
tnrhmng Boone Coimr, were compieteiy dev- astste- d."
Be Expects the Mxssxsi core price to be
bM up by catfie and bog feeders competing for a
tJgf& sajjpJy- HTtMnthestste- .
Bmery poirte oct, wim a S3- 5-
5 jrice for core,
there is a potential loss of SSS2 per acre ( 0.4 bsc- tares- ),
assszang an average of 85 bssbeJs per acre.
ISBb an estimatedOOO acres 488 hectare) of
corn in Booos Cctt? Qss year oat coaM mean a S3
miffim loss to area farmers.
Esnesj estimates me yieM redacSaja from sream- e- r
damage to soybeans and nalo eoaki pasb tbe to-tal
loss in Boose Coeniy to afcot $ 13 xcaSoo. " lie
money we pay in Ibe form cfirsr yieM payments
ffltepeaza& to'nnat'sras lost,' besaid.
" Farmers, even tbose wife a good net worth, are
going to bare serioas cash- Bo- w problems tins
year," Eioery said. " And, as far as tbe cocsniinity
is concerned, I wocM imagine implement dealers to
be Mt tbe -- worst. Bat, Boooe County is too urban to
realise immediately the impact of tbe agrkaJmral
sjtnatksi-- "
Several area farmers have already plowed tfeeir
( See FARMER, Page 16)
Banks increase prime rates as Fed toughens up'
NEW YGBX CDH) Major bax& s
raised their prime rate and a big West
Coast bank boosted its rate far home
loans Friday, raising the cost of bor- rom- ng
money for businesses and home
buyers.
Ibe moves cams in response to an
apparent tightening on bank reserves
by me Federal Reserve Board.
nrfihsnft, ranked second m the ca- tio- n,
raised its prime ksdsg rate to 12
percent from 1L5 percent and was foi- low- ed
by Baak of America, the nation's
largest, Ko. 3 Chase Msnfaftan and
major banks thraqglsoDi the cosxEtry.
At the same time Security Pacific
Bank of Los Angeles signaled a poten-tial
rooad of increases in mortgage
rates, raising its rate for new conven- tJon- al
fixed rate loans with 20 percent
down to 13.75 percent from 15' per- cen- L
Chase, among other bades, boosted
2s conventional mortgage rate earner
this week to 13 percent from 12L5 per-cent.
Economists ? M boosing officials
have expressed concern that any sharp
rise in mortgage rates cooMhaltme
fragile recovery in the hocsmg mar-ket
The Fed apparently has decided to
tigfafn ap on baak reserves is re- spo- nse
to the Axsgsst beige in the mon-ey
sapply, DbvM M. Jones, economist
forAnbrey G. Lanston & Col, said.
" The ripple effect is shoving npin
be key mortgage area and ve cooM
see even farmer increases in rates for
home bnyers," be said.
Jones noted that tbe growth m the
basic money ss? piy knosra as M2- A- ,
wiasdi consists of cash and tvrmg
accosnts available for minwfiata
sppmffng, has been at a 12.4 percent
annual rate so far hi the third jaarter.
" Use Fed's target is 7 percent and it
has said that when money grcratfa is too
MghiiwffldaiispdowE-- "
The move by the banks came even as
the Fed moved Friday to dram re-- !
serves from the banking system after I
Tnffkafmg earlier tMs week that it i
nagbt be holding the fine at 19 percent !
fcrthefederalfands. i
Another factor mdetMptBy fnffognf. ;
ing the Fed's behavior,, Jones said, s the " nobefievafaly bgh rate of iaSa- -
tkn.
Ex- Tarz- an to serenade Miss America
ATLANTIC CnT, NJ. ( DPI) - F-ormer
Tarzan actor Bos Ely, whose
mcaaical acxtyiJtarnnenta indnde an
ape cafl and a cotintry love aoog song
m German, was named FrMay by the
Miss America Pageant to siog me fra- dman- a!
There She Is" theme song to
theiS& qneeo--
gwfflgaglhesacroafamogs
by former nnctw Best, fteks daring
on Saturday night after fee 29Q
beajqoeenfaastaJhercoronatJon
sfcroD aksjg the ranway of Atlantic
5ry CoaveotKoHalL
y was ramed to soceeed Parks as
pageant emcee eaxScr tMsyear.
Pageant dainas Afiert A. Marks,
3r the man who fired Bete to give
me pageant what he called a new
image in tbe Ws, made me aawanee- me- nt
and also took time to fafast Parks
for his planned television commercials
Satorday dgbt pingging a coflee prod- n- ct
wimpageantrefersssces.
Marks said Parks' TiMinwrfai
were m " poor taste" and a " cheap at- tempttocanitaEreon-pt&
Scny.
fa the srttwfalwi 384econd comme-rcial
for Chock Fall 0? ? rate, Parks
says, " Far years I have been bringing
yoo heavenly yoisgiadtes, I now bring
yoabeavenfy coffee."
" 1 thiak me company shonM concen- txaf- ie
oo pattrag coffee in their eaos
aodwiridiQgeiecoattaasQftheJfiss
A3X3icaPastt, r, Marks said.
E, 41, djraferstonenaa3g4ksiof
the mesne song wosSd " oA soaad aoy--
thmg kit( M for 2ae last23 years."
" It seems Bfe tbe poife wants me to
give it a shut," Hysaid. " B seems ale
the 50 women wart me to take a shot at
it too."
Marts saad an estimmtgd 7BmiISon
people wosld be watcfeg the show
according topastBe2seB TV ratiags.
Dering the pgffl- ant-
, viewers wil
also bear 2y singing " Chaflanocga
C& oo Chod" aad " Look at Her" m pro- doeti- oc
nEfiobers.
Efy said Ms ony record was a coun-try
song he reesxded to Gexxnanyasd
wioae tifle, toosey trazsstated, means
" Ididthatasalark,' ESys2Sdofhis
Gerxoaa effist, This ( Pageaast) is for
reaL"
Columbia real estate sales down 30
l ByKei& FBSEps
f MrHiMHAtiiBStanT Miiler
; Interest rates on home mortgages
arrf eenUi tfti'nwi Vemg rtim- hsx- l tipptv I
i L5 percent in the last three weeks,
I leaving a wide gnlffcetaieai area boos--
ing and real estate mdmtrifyt and po--
tentialbQjers.
The iiHmtnjt in tymn Tiyigfggp
rates to 13 percent from 1L5 percent
I means that a rrrtsroner who ased to
pay 35G& 34 a month for 25 years on a
' $ 56,203 loan now w& l have to pay
$ 5632. This represents an increase of
SSaSSamonfeorSSajSayear.
Bob Martin, execctive vice president
of the CommMa Board of Realtors,
said real estate sales in Colnxabia since
Jan. 1 have dprfmed abost 30 percent
compared wife the same persbd fo
year. This is dose to the national aver-age,
which represents a redaction in
sales of3L5 percent.
uffi cyin tftsit y'fi interest mtp
Ml earner tMs ssmmer, the real es-tate
ialiatry hi Cofesnbta saw an in-crease
is activity hot mat interest
rates are only one factor affecaag the
market. He said the rise in activity
was norma? for thattime of year.
One of fee caoses of fee rise m inter-est
rates, Marfin said, stems from the
flow cf money act of savuigs ae- coEn- ts."
to fee first six months of ' jss.
year, savings accccss in fee U. S. de- creas- ed
125 percent, be said.
TMs Sow ofmoney oat of ssvrrgs ac- eomf- cj!
whkh are a mayor source of
feafe for savings arri Iapts, represses
a decrease in fee amotsS of mffney
available for home mortgages. When.
money ripmanri exceeds supply, cter- e- st
rates rise.
Martin said it is almost irnpossi! e to
predict what wiE happen to fee nrfsresc
rate, bat there are ssH lots of ' Kiyers
( See BANKER, Page Ifi
Index I
!
Ifivries , m
Sjpsrts., s
igjariwwi ja
Gierek ousted;
successor picked
by Polish party
WARSAW, Poland UP! The na- in- g
Commnnst Party Central Commit-tee
early Satnrday oosted parr boss
Edward Gierek, reported hospoahzea
a day earlier wnh a heart ailment, and
appointed Politbaro member Stanislaw
KaniaasMssarcessor.
The Central Comrnittfe rv m $ e- vz- rj
sessHsa from 12 pjn. nnol shortly
before 1 am behind airtight seccriry
in their iseadqnarters at the drab down-town
mmplPT which is Poland's heart
of power.
An orrwia aifnrmmraaent by the
state news agiacy PAP saMEasia, 53,
had been " onanimoasly ekcted to the
post of first party secretary."
In Washington, the Sate Depart- mp- nt
and the Kaaooal Secnrsy Coon- c- u
had ' no comment'" on the ocster.
Gierek, who was oosted after be lost
Ms SDesian power base when the vital
mines in the sosmera coal SeMs went
on strike to back the dmvnviK of the
Gdansk workers, was relieved of Ms
"" job as first party secretary and msa- be- r
of me PoSfecre becaose of a se- rkj- os
illness," PAPsaid.
Tbe move followed an anooancement
Friday afternoon that Gierek was suf-fering
from a heart ailment ana zz
bes bospSaiized.
PAP saM Kama, who wcrkec as
locksmith in Ms yocth befen; txtxahzj.
a party activist, delrvered a speecn :.- t- he
plenary after his aoposntrcent.
The Central Ccarmcee also eiectcc
Kazimierz BarcikoTsksu was nego-tiated
a strike settlezDen: srzh vs
workers in the Szczecin shipyard near
the East German border, a memser cf
the Politburo.
Andrzej Tahnyki was also electee to
fee PoStharo. Zdzislaw Kcrosssc Jer
zr Wojtecki and Tadessz Grabsxi -- were
appointed secretaries of the Ceccral
Committee.
Kania, a member of coe gcrernr;
Poirmoro smee 1SI3, has oeea respoc- siM- e
for secarrty maters and tse
health program.
Gferesrs heart atrarfr was atncKzxsc
by fee depaty speaker of fee Par- Lamen- t,
RccnaSd Jankowsku at & e af-ternoon
session Friday of the raboe-- stam- p
body's first Trieeang after tr
( See SCANDAL, Page 16 )
Council to discuss
fire station Monday
ByMark A. Jennings
and ESzabem Sadd
Misseariajs staff writers
The City Cbcncu cooH tentatively
appnuve ose of federal funds to pre-serve
a portico of Stephens Park on
Monday and will bear debate on toe
pEosjoBedao3m&- 3fgSreStataoaSo.- 5.
Both tonus wHTcome op in a major
pabEe bearing on the cay's ISS baet at 7 pjn. el sfee Cecnry- Crt- y Bdlding's
conncTl charfiTiPT.
Acting Gty Manager Ray Beck has
recommended the coanen viste soon on
whether to commit Ccfemhia to pre- ser- re
part of the park. CooacOmen win
hear the first reading of an ordinance
wracb wooM alkrw Beck to rmwitit
JKSLfXD cf federal money to me park
and sign an agreement with ibe gfo
to match those foods. The 523300 was
alnratp. by the cj hot awaSs the
cocncil's approval before it can be
spes.
Mayor Qyde WSsosi saad he expects
to bear criticism of the plan Tyrrrj Co-lumbians
to Save Stephens Park, a
neighborhood grocp fitat opposes par-tial
preservation far the park. AS. 45
acres OS hectares of me park shocld
be preserved, the groop says.
The proposed closing of Fire Station
So. 5 is also exrw? ctfd to drawcrfoeisza
from citizens when the council discuss-es
the action as a passible response to
the dtys projected budget defkit
WHson has sepported dosing fee fire
swfa- on- , at Xi BaSenger Laue. a s
. mfgns of saving $ 74J30G. Set tse rz- gestia- n
was opposed by eazezs servac
by fee station.
The ij.' T also may bear cisczss- zz-.
regarilu'ig fee fmances of fee Pzu. ce
Denartment's CczzzzzmZ? Rciarrs
Bcreaa. Tbe proposed bedget ccs xze
otzreas'-- s feree sia5 mssDOsrs to ocr
and offers no new xaoneyngvxy. as- sa- mt
investigations, as PcLes Chtef
David Walsh requested.
Encompasang all these issses tee
oty's efrsft to grapple wsfc a C- C. X- C
dgfirTt in fee 1S81 beiges. Part uc tie
deficit will be offset bysacte $ 4i! rJX s.
new revenne, acconmg to tbe ctty
scan. Bat fee cotncfT snll rrtr.?! czzze
np with fee rest inxn vanons cy
Sands. Wilsoc. Beck and 0& zirrr"
Ek& K Bicknjai: agree feat a larsc
portam SSOQO to f. OOG of fes
dffirit can be covered csag the pucc
bmidEig fund. The remainder. facircT- e- r
wiB be the sebject of toe ccetic s
dehherasoc
The cocncC wiH also:
HoM a ctosed sessj& n xs Gtscss . a- b- or
negotianens and persarjel ? t- ts- s.
ConsEJer rTxf a specai tiscsa:
for water and eketne system revectie
bnrris
Discass adepfcm of a rapt? pro
jects budget.
Hear a repest dlsccssizg pessue
city pcrchase cf fee Coa3t2a Cerxrs
at fee intersection of Otd Hisirsay S3
and U. S. Highway S3 Sccfe.
: Im t& wn today I
SajiL- 5pjm. iibr2ry, Fri& d- dsaf
the PcMic Library wiH present the I
anneal Book Fair at fee Daniel
Boone Regional Library, 1SJ W. jj
I Broadway. t
t ajxt.-- 2 pjn. Library, the Caa- - i
s tral Missouri Hnrnme Society and f
the DanM Boone Regional Library
wiH sponsor an Adop- A- P- et Pro- - 1
i gramattheShrary. I
I 8 - n pjE. Dance, the Newman
Center dance to welcome bade sta-- I
dents wiH be held m the parking lot I
I in the rear of fee bcsTdfng on ;
I Maryland and Tomer avenoes. Sto-- I
dents at the University, Stephens
1 College aad CofcmiKa College axe m-- 1
vited to attend. Free.
Ifislde
today
Bruins break
home- fiel- d jinx
The bome- fKl- d pnx was finally
broken in fee Keck Bridge- S- i. Lcois
QB8Tnmafr foofeaE rivalry as Fri-day
marked the first time in six.
years me host team has won. This
yearS was fee big pfay, BrisaWasfe-- t
ingtoc's 72- ya- rd tooeiadowa tfg I
feat led fee horae team, Bock
Bridge, to a 15- 1- 3 vktory. See Page I
e. I