Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 2 · column 6 of 7 · from the scan, no model involved
OUTLOOK FOR 1950
“Relatively good” is the forecast for Virginia’s 1950 fruit growers.
Dr. Harry Love, head of the agricultural economics d e p a r tment at VPI, says the expected decrease in the national apple crop may he enough to stop the downturn in prices.
Virginia growers had a somewhat short crop in 1949, and may reasonably expect an increase this year. Exports of fruit during the first half of 1950 may be increased through EGA subsidies, and the easing of import restrictionsi by some countries. However, it now seems that most of the crop will have to depend on domestic market outlets.
Fruit supplies per capita are expected to be enough in 1950 to maintain consumption of about_ 210 pounds. Of this, fresh apples get about 25 pounds; 'bananas, 20 pounds; and fresh oranges, 35 pounds. Competition from citrus fruits will likely be stronger. Frozen orange juice is rapidly becoming an active bidder for consumer tastes.
Cold storage stocks of apples are considerably larger than a year ago. Producers who continue, to hold for higher prices may be disappointed.
INSURANCE IN' CANADA
Life insurance protection of Canadian families at the end of 1948 was more than 13 billion dollars. This was an increase of 10 per cent over 1947. Four and one-half million Canadians carry an average of nearly $3,000 of insurance each.
69.2%