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View Sample Pages : Cedar Rapids Gazette, December 30, 1974

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Cedar Rapids Gazette (Newspaper) - December 30, 1974, Cedar Rapids, Iowa IO The Cedar Rapids Gazette: Mon., Dec. 30, 1974 Computer To Keep Eye on Commodities By Don Kendall WASHINGTON (AP) - The government is considering a computer network to conduct daily surveillance of commodity futures trading to detect major market transactions that affect consumer prices for farm goods. The computer network also would be used to spot fraud or irregularities in the commodity markets for agricultural products and other raw materials. The proposal is described in a 146-page report by a special team of agriculture department and industry experts. Report Revealed The report was made public this week by Alex C. Caldwell, administrator of the department’s Commodity Exchange Authority, who ordered the study after massive Russian grain purchases in 1972 led to drastic fluctuations in U. S. grain prices. The CEA, however, will give way next April 21 to a new independent Commodity Futures Trading Commission created by congress this year to tighten federal regulation of commodity markets. Caldwell said he “supports proposals in the study and will recommend them” to the new commission. However, some of the proposals were not entirely supported by all the study team members who in cluded their dissents in the report. 36-Month Span The report recommended the computer system be gradually put into effect over a 36-month span after congress authorizes funding. A spokesman said the initial cost of the system is estimated at $750,-000. plus $122,000 a month compart'd with $48,000 a month for the present system. Currently, the CEA relies primarily on reports filed by the commodity industry for policing the commodity markets. The new plan would require futures traders to supply detailed information on each transaction on a daily basis. The study team included five members from the USHA and four from the commodity trade. The private traders said in their comments in tin' report that they did not think “alternative approaches have been adequately explored” which would stop short of the total daily surveillance set forth in the proposal. Dissenters Seen Dissenters said surveillance priorities and other guidelines should be established to insure the system produces the desired results. They also expressed concern over “public policy aspects” of using data surveillance to enforce federal regulations. “We can identify no precedent in which a business activity is subjected to a complete reporting of every transaction occurring each day, wherein the purpose is solely to achieve regulation,” the statement said. “The proposed system would be a radical departure from the present record-retention regu1'lions as contained in the current Commodity Exchange Act." The traders also said in their dissent that the study did not contain a legal opinion supporting the constitutionality of the plan and its relationship to the individual rights of privacy. Dairy Co-Ops Okay Milk Order Change CHICAGO — After a favorable vote by cooperative associations representing substantially more than two-thirds of the dairy farmers affected (97.3 percent), the agriculture department has amended some pooling and payment provisions of the Nebraska-Western Iowa federal milk marketing order. Changes become effective Feb. I. The agriculture department said the amendments were requested by Mid-America Dairymen, Inc., representing many producers on the market. Pooling requirements are modified to allow a distributing plant to have its milk pooled and priced under the order for the current month on the basis of its fluid milk sales to the market the previous month. This provides a grace period to a plant regularly associated with the market that may for one month fail to sell the required 35 percent of its Grade A milk for fluid use. It also assures producers regularly supplying the plant that their milk will continue to share in the market-wide pool returns. Another amendment specifies the payment requirements for a handler who receives milk from a pool plant operated by a cooperative association The first payment would be made on or before the 26th day of the month to a cooperative for fluid milk products received the first 15 days of the month. Final settlement by the handler would be made on or before the 14th day of theIowa Still Second Leading State in Farm Exports By Harrison Weber lowo Doily Press Assn DES MOINES - Iowa’s agricultural exports are up 62 percent. In the fiscal year ending June 30, Iowa agricultural exports topped $1,774 billion, an increase of $678 million over the previous year. For the second year in a row, Iowa was the second leading state in agricultural exports, exceeded only by Illinois with exports totaling $1 938 billion U. S. Exports I p U. S. agricultural exports in fiscal 1974, at $21.3 billion and DENVER (AP) - The American Humane Assn. has offered a $500 reward in connection with suspected cult slayings of cattle in the western United States Law enforcement officers believe cults are involved in the bizarre slayings, which have been reported in Colorado, Nebraska, Kansas and Minnesota. The animals’ sex organs are generally multilated or removed, according to officials. USDA Drops Quad Cities Miik Rule CHICAGO - The U. S. de-pertinent of agriculture (USDA) has issued a suspension order to remove the limits on diversion of milk from distributing plants to non pool plants under the Quad Cities-Dubuque federal milk order during December and .January, The agriculture department said the action was requested by Ixind O’Lakes, inc., a cooperative, to accommodate the handling of reserve milk in excess of fluid miik demand durinj the two months. I,and O’Lakes, Inc., and Mississippi Valley Milk Pro-ucers Assn., Inc , representing about 90 percent of the dairy farmers, submitted views in support of the action. None was filed in opposition This suspension permits the economical movement of pro-ueer milk directly from farms to manufacturing plants with the milk still priced under the order based on its use, according to officials. Without the suspension, milk diverted in excess of the limit in the marketing order (50 percent) would have been excluded from the market pool, they said. Beef, Pork Donations At HOO Million Mark WASHINGTON (AP) - The government has spent nearly $100 million on beef and pork for donations to school cafeterias since last July I, according to the agriculture department. Frozen ground beef has been    the    biggest    item, amounting to $76.7 million for more    than    110 3    million pounds. Canned beef and pork totaled about $22.1 million for nearly 25 9 million pounds, department reports showed Farm News 63 percent above the 1973 level, required the output of 96 million acres of U. S. cropland — one out of every three acres harvested. Exports accounted for two-thirds of wheat production, about one-half of the rice, cattle hides and soybeans, over two-fifths of the cotton and tobacco produced, and about one-quarter of feed grain output. In an incident near Wray, Colo., two weeks ago. Yjma County Sheriff Gerald Davis said it appeared that blood had been pumped from a I,-IOO-pound Hereford cow before removal of sex organs and one ear. The reward, offered for information leading to the arrest and conviction of persons involved in the ritualis-tic-style slayings, was initially established last month in Minnesota. R T. Phillips, executive director of the association, said reports of such incidents are increasing and becoming more widespread. The most recent report, w hich occurred last week, was of eight cattle slain in ll days near Glenwood Springs. Colo. In Nebraska’s Platte county, 44 such crimes were reported in the past month. “The killings are certainly illegal, and there are many indications that they are extremely inhumane,” Phillips said. Error Noted on Crop Payments WASHINGTON (UPI) -Two agriculture department officials were mistaken rn publicly claiming that the government had not paid farmers to hold cropland out of production for the last three years, the department conceded this week A brief formal statement from the agency said the erroneous remarks — which had been challenged in news stories — were made in recent speeches by Assistant Agriculture Secretary Clayton Yeutter and by Donald E. Brock, executive assistant to Agriculture Secretary Earl L. Blitz. The statement said the government paid farmers $2.3 billion in 1973, $3 5 billion in 1972 and $2 8 billion in 1971 for idling wheat, feed grain and cotton acreage. Milk Record BRATTLEBORO, Vt. - A four-year-old cow owned by Hadwen Kleiss of Fredericksburg set a record for her age group under official production testing supervision. The registered Holstein cow, Star-dell Pioneer Pagan, completed a lactation level of 27,520 pounds milk and 945 pounds butterfat in 365 days, according to the Holstein-Friesian Assn. of America Ten states, according to the U. S. department of agriculture, accounted for three-fifths of the total export sales. Besides Illinois and Iowa, the other leading states and their export sales were:    Texas, $1,666 billion; Kansas, $1,569 billion; California, $1.24(1 billion; Minnesota, $1,162 billion; Nebraska, $1 031 billion; Indiana, $967 million; North Dakota, $842 million and North Carolina, $772 million. Soil District Commissioners Set Meeting AMES — The 13th annual short course for soil conservation district commissioners will be Jan. 21-22 in the Memorial Union at Iowa State university, reports Min Amend* ya, extension agronomist. Registration in the Sun Room is at 8 a m on Jan. 21. The program begins at IO am, with John Pesek, head of the agronomy department, presiding. Dean of agriculture Lee Kol-mer will give opening remarks Marvin Anderson, dean emeritus. ISL extension, will be toastmaster for the evening banquet. Charles Donhowe, dean, university extension and director, cooperative extension service at Iowa State, will give the banquet address. The second day begins at 8:30 a.m., with Clarence Bock* hop priding He is head of the ISH agricultural engineering department. Farmers Union Explains Change In Insurance DES MOINES — Iowa Farmers Union President Lowell E. (lose of Jefferson has announced the IFL’ will discontinue sponsorship of Blue Cross-Blue Shield modi* cal and hospitalization insurance at the end of December. (lose said a “prohibitive rate schedule” and communication difficulties with Blue Cross representatives prompted the organization to "elect an alternate plan with National Group Insurance Trust of Kansas City, underwritten by Globe Life Insurance Co. of Chicago.” New York Calf Brings $1.28 ATHENS. Pa (AP) - A New York farmer says he was shockwi when he sold an 82-pound calf at the Valley stock-• yards here and received a check for $1 28. Kenneth Bush, an Elmira, N. Y , fanner for the last 25 years, says the check represented his profit after the stockyard deducted a $150 trucking charge and $1 32 sales commission. Our retail store will close tomorrow at 1:00 pm So our employ*#! may vpend more of the holiday with their fom<ii*c Happy Holiday to you! Paine A Wallpaper 333 SIK Av*. Si Humane Group Establishes Reward in Cattle Slayings STYLE $200 DEPOSIT $f OOO $5 OOO A. LEMANS IT x 90". Pink, Blue, Gold, Avocado FREE FREE FREE B. CAMPBELL STADIUM BLANKET 45" x 72". Red Plaid FREE FREE FREE C. MOUNTAIN FLOWER 72" x 90". Pink, Blue Gold FREE FREE D. TOGETHER 72" x 90" Blue, Pink, Lime Tangerine FREE FREE E. GINGHAM PLAID 72" x 90". Pink, Blue, Yellow FREE FREE F. NANETTE QUILT 68" x 80". Pink, Blue, Yellow. FREE The Heart Warmers are here! ... a wide selection of blankets, spreads and comforters Available free with a qualifying deposit in a First National Regular Savings Account Stop in soon and earn the highest interest a bank can pay And let your savings warm you up! fHective November 27, 1974, first National savings accounts will be insured up to S40,000. Double the insurance level you have row! First National Bank OF MARION Member F.D.I.C. “ Heart warmers! ” blankets • FREE when you save at First National... ;