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The Clarendon Enterprise
Clarendon, Texas
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November 15, 1973     The Clarendon Enterprise
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November 15, 1973
 

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ASHTOLA--MARTIN Larry Green and Jason went to Amarillo Tuesday with • Gene Hommei and Mrs. Todd Knorp and children. Eqdora Joy:or from Amarillo spent Sunday through with her mother and sister, Mrs. Ollie Nelson and Mrs. Koontz. Irene Gray of Medical Center Rest Home spent the with Mr. and Mrs. Vance Gray. and Mrs. Wendle Cumbie and girls from Amarillo spent night with Mr. and Mrs. Clovis Bible. and Mrs. Glynn Helton visited in Letoa, Kan., with Denny and Brad over the weekend. and Mrs. Claude Porter and children from Lovington, New spent Saturday night with Mr. and Mrs. Benny Clay. and Mrs. Nuford Dill made a business trip to Pampa Harold Green from Phillips visited Mrs. Austin Rhoades Center Rest Home Monday and both had lunch with and Mrs. Hubert Rhoades. Jerome Doerrie and Jennifer from Booker came to visit weekend with Mr. and Mrs. Horace Green and family. Hollman from Beaver, Okla., is visiting a few days with and Mrs. Bryan Knowles and boys. Dana Perdue from West Texas State University spent night with Mr. and Mrs. H. S. Mahaffey. and Mrs. Frank Mahaffey and Hugh visited in Hedley Steer This Way By Roddy Klinnert • only one tire? Buy the same type you have now. One tire could cause an uneven ride. **st** station owner across from a businessmen&apos;s lunch over tires In the restaurant purking lot. When worn fires, he leaves a note under the windshield offers to put on new ones during another lunch hour. , Mich., decided the '72 model ears were good .- so he bought three of them, two to store the first wears out. Figures three will last his lifetime. start, with • cold motor use as much gas as four miles drivIng. new brakes on • new ear or an old one, to allow new Sunday afternoon with Mr. and Mrs. Lon Harmon. Mr. and Mrs. Gone Nelson from Childress visited Sunday afternoon with Mrs. Ollie Nelson and Mrs. Bonnie Koontz. Mr. and Mrs. Hubert Rhoades made a business trip to Memphis and visited Doyce Graham, who is in the hospital there. Hope he is better at this time. Gale Gray from Farwell was home for the weekend. Mr. and Mrs. Nuford Dill visited with Mr. and Mrs. Jess Bridges in Memphis Saturday. Mr. and Mrs. Larry Green, Mrs. Jerome Doerrie and Jennifer and Rocky Tregellas were guests at noon Sunday in the Horace Green home. Mr. and Mrs. ethel EUiott visited Sunday afternoon with Mr. and Mrs. Darrell Leffew. Mr. and Mrs. Joe Leonard of Allenreed had supper Friday with Mr. and Mrs. Clovis Bible. Mr. and Mrs. Doss Finley made a business trip to Amarillo Wednesday. Mrs. Jerome Doerrie and Mrs. Horace Green attended a meeting of the High Plains W.P.C. Monday evening. T. B. Nelson from Amarillo visited his mother and sister, Mrs. Ollie Nelson and Mrs. Bonnie Koontz Sunday. Mr. and Mrs. Clyde HeRon from Clarendon had supper Saturday night with Mr. and Mrs. Glynn Helton. Mr. and Mrs. Bernice Porter and James from SkeUytown visited with Mr. and Mrs. Benny Clay Sunday afternoon. Mr. and Mrs. Lloyd Reid from Claude visited Saturday evening with Mr. and Mrs. Nuf0rd Dill. David Bradshaw from Claude, on leave from the U. S. Army, spent the night with Jerry Green Saturday. Will see you all next week. Farmers can save taxes Many opportunities to reduce or defer paying federal income taxes are available to farmers, says a Texas Agricultural Extension Service economist. "Cash farm income often fluctuates greatly from year to year. Good financial management includes leveling taxable income to reduce or defer taxes,;" explains Dr. Wayne A. Hayenga. "Since this year is an unusually high income year for many Texas farmers, quick action can help reduce the 1973 tax bill." The first step in year-end tax planning is to determine where the farm business stands now, explains the Texas A&M University System economist. Good records make this job" much easier. First, total this year's income and expenses up to the present time. Next, estimate and include expected transactions for the rest of the year. Then, compute depreciation for buildings and equipment. Using these results, estimate the taxable income. "Depending on your findings, you may want to buy more supplies or sell less than you planned before next January 1," says Hayenga. "Farmers using the cash method of accounting who need to reduce taxable income should consider buying fertilizer, feed and other supplies for use next year. Buying fertilizer now may be an especially good move, since higher prices and tighter The Clarendon Press, November 15, Page 9 Agriculture big in Texas COLLEGE STATION -- "Agriculturally speaking, we've got a lot going for us in Texas. We've got a diversified agricultural industry that continues to grow to meet the increasing demands of consumers in this state as well as the entire nation. So, it's appropriate that we look back occasionally and reflect on the fine job our agricultural producers are doing," says Charles Baker. economist for the Texas Agricultural Extension Service. "That's why the month of November is dedicated to farmers and ranchers and the quality of products they produce as well as to the other people who make agriculture what it is in Texas." OfficiaUy, November is being called "Food and Fiber Appreciation Month." Just how big is Texas agriculture? a' Agriculture In all its phases--called agribusiness--adds more than $10 billion annually to the Texas economy. And agribusiness provides employment for about 30 per cent of the Texas labor force. Here are some additional striking figures. Gross farm income in Texas in 1972 totaled $4.7 billion, up 13 per cent from the previous year. However. expenses increased almost 23 per cent and totaled $3.8 billion. Thus realized net farm income was only $847.4 million. 19 per cent less than in 1971. But a boost in farm inventories put the total net farm income at 28 per cent above that of 1971. or about $1.4 billion. How does Texas shape up with the other major agricultural states in the nation? Total agricultural receipts continue to increase each year as the state is drawing a bead on the Number 1 position. However. it is still surpassed by California and lowa in the national rankings. Texas is the leading state in cattle feeding and is the top producer of cotton, grain sorghum and rice. What does all this point to? DONLEY COUNTY "We're big in agriculture and we're going to get bigger," contends Baker. "Loth domestic and foreign markets are opening new frontiers in the food and fiber production business. and we in Texas must continue to expand production and to improve our efficiency to meet these increasing demands." "What a fire!" The winter season means an ncrease in fire losses. Do not delay in having a review of your fire insurance to be certain of adequate protection for today's inflated building costs. WALT KNORPP PH. 874-3521 MARKET PLACE . _ - [ -III MISCELLANEOUS ] MISCRLAMEOUS FOR SALE I FOIl $k[ II KIRBY SALES & SERVICE NEW & USED BILL HOLMES BOX 573 -:- PHONE 874.2454 CLARENDON, TEXAS 79226 lInings to fit themselves properly to the drums or disks, supplies are expected next spring." FOR SALE: Hi-Gear, and cane, 4,4p4,o.oo ***** Purchasing needed machinery, equipment and breeding half and half. Two miles south of 0 FOR SALE: 1969 Olds 98. I Jl  I[ II I  0 , . animals also helps reduce taxable income, points out the 55,000 actual miles. Would Ashtola, 2 miles west, and 2 0 IVIUMI'iI .* )u re doubtful about the safety of your brakes, come to ,'s 66 for an adjustment. Get what your ear needo -- and economist. In most cases, farmers can use the 20 per cent consider trade. Call 874-3898 south. W.R. Kelly.  me--atreesonable prices. -- additional write-off the first year and can also use the investment t SAND & GRAVEL after S:00 p.m.  ; • ***** " tax credit. trait.   _  < Money spent for conservation, land clearing and land forming O is deductible, subject to certain limitations. Such expenditures FOR SALE: One large gas  I.. 0 FOR SALEtUsed 50,000 floor • heater Call 3768 -- -- may not only save taxes now but may also be an excellent furnace_Excellent condition. " " ualty Building Materials € , dL am I[]l[ll[]ll[! 1151 I[ TM qlb"h long-term investment. " complele uarantee. Seq att g . e  • • • " 0 Illll In n n II Ill I[   Delaying crop or livestock sales until after January 1, 1974 Osburn Furniture, Clarendon, L l € Using top quahty materials , ntu  U  U UU may help reduce taxable income. Crop sales can be delayed by Texas. IFOR SALEtNew and usedl 0 • • € ......... us!rig a deferred payment contract or on-farm storage. |furniture. TM General Stere.It Back-hoe servme avadable. €* ’J,   h/:JfL 'Remember that the objective of income tax management is |Phor/e 874-2155. I € $ IwBI .,.lt4al wlr,/ffa4P& not just to minimize taxes, but to maximize after tax profits," .41  Otl.__J points out Hayenga. "Do not sacrifice farm profits by making WANTED = " a7a qgnn ' [Jg4f ( " unwise purchases and sales just to reduce your 1973 taxes by a FARM FOR SALE: By owner 4) Phone ...-.-.,,,.,,, t • .. -- ..... few dollars. Where a choice exists between a wise tax decision , ._ 160 acres in Windy Valley Area,  MAURICE S POODLE BOUT! 0 v Ane,) H,ghwoy 2B/ East I and a good business decision, choose the alternative that will 352-4371 for appointment. No don. Underground irrigation 4b J :ours a uay ,. aUK 2729 Woiflin, Amarillo 10 miles Southwest of Claren- ,al L ...... J__ , t-1 / '!" m produce the larger income after taxes. " ' " .larenaon, texas . I[ The Internal Revenue Service or the local county Extension ...... water available rtas cotton and 4,o,t,.,, € t tran qutltz:ng. Sc:ssor fmtsh. . • _ . . rt.  I office has additional information on income tax management, Will do Standards. gram allotment. Presently m =  II adds the economist. CAP program, if desired. , . $25,000 total price no trades y 00pplA----l" • P M `-:-:-::-::--::-::::::::::::::::::::::::::::::::::::::::::::::::::::::: WILL BUY anythmg of value. *" ,o; Cnarend on Cattle Co., Inc Cai13351913after6pm Lee's Trading Post. _ " " Ra larlce Service ' WANTED From the C! -- -- - General Electric Franchise Dealer : . arendon LEFT IN LAYAWAYtEiectrn- Haatina and Air Conditionina area young attractive ladies, age phonic Component Stereo with tat,, ,,.,,f',,', l ,,b,,, ^# At,, t^4lhm| .. d to n 20-30 for cocktail waitress work. Built-]In Player AM-FM Stereo vvu llVil=;l Ctll ii1€11o un 1/ tMlllltlVl,slnl oileg , . Starting pay $2.00 per hour. Pat Radio, G'Turn Table, 200, Freezer and Refrigeration .ary w or Room Lounge, 5609 Amarillo Wttts, 10 Speaker System. Service & Relairs cworld, ft# e’o BoulvevardEast. Experience OriglnalPrice:$399.9S. Auume r , .^v " not necessary Call Jan after 12 00 tJ r nPt., uvv,u=s behe . Balance of S245. or S10.00 " " ed,:s boo* bu J -  ' $" " a a '  #f$t" • p m. days for detailS.wANTED: Maid to work in montidy. Payments at Martin's, Sound Con:e,, cerw C, eor &.40, Am=title, Yew. Clarendon, Texas 874-3801 al servia h as re# Motel. Will furnish room with ; ihe give . • • • dents, f0 II-DaiSe] he wi. pent W-,j working] xked as c ought . ton io 1 ching be trs of te$ er MaRie to CI=# ce, with librad getableS' usic fat, :e has  )rghU' FINANCING AVAILABLE! See us for any of yourcattle needs, The market has just about stabilized Buy light cattle and stay in the business. / Wehave a limited number of good, young stock cows, Age guaranteed. ut s See or Call CLARENDON cATTLE CO., INC. d I've neste$ d  , arch.i',,-j , Wmlam M. [Bin] Porter 874-3314 00aaBaln 8C00t::m92r 4D.;000dlGUIll 874.230(5 Moore. Stoe ards 87 kitchenette. Call 248-5051  WHITMAN COIN FOLDERsS Groom___._2__ ____2" WOODY MRAW no offers everyday Free Dead Stock Jefferson Nlckel Removal. Call collect at 806'373-4780, Amarillo. Re- LincoLn Memorial Cent presenting Plainview Rending Div. of Tri-State lnds. Lmcoin-- Cent FOR RENT: Three room furnished house, adults only. 874-2324 days. 874-3543 nights. The most economical way to protect and classify • coin collection. Folders open fiat, close to book-size for convenient storing. Each folder Includes a page of data pertaIning to the coins it holds. FOR RENT: Furnished apart- ment, private bath, dressing room, kitchen, large closets, air-conditioned. Blocker Apts. FOR SALE Housm In Clarendon and Memphi Aisc Fmm and Rmachm Listings Wat! SANDER'S RI ]antste Onota Sander= 874-2533 A Guide Book of United States Coins 27th Edition - 1974 By R. S. Yeoman The well.known Red Book Is the standard retail value guide for all U.S. coins, with up-to-date Information on private, state, and terrltorini gold Issues, silver and gold cemmemoratlves, and proof coins as well. A wealth of Important background information is provided on the historical development of United States coinage. $2.50 TH CLARENDON PRESS _=_-_ Clarendon, Texa _