Wheat Soars as March Shorts Rush to Cover
Chicago futures surge as three dollar wheat, a 99 year high, prompts shorts to cover amid 690000 bushels outstanding. Cash wheat climbs near 3 dollars while government stockpiles and government contracts complicate deliveries. New margins lower leverage in March and May wheat futures to curb speculative buying.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Chicago
Kansas City
Minneapolis
Foot-and-Mouth Fight in Mexico Will Be Costly
Washington reports a tentative US Mexico agreement to spend nine million dollars by June 30 to eradicate Foot-and-Mmouth disease in Mexico. Total costs will exceed this amount with two years expected for full eradication and further funding possible.
MENTIONED IN THIS ARTICLE
Mexico
Washington
INS
Congress
Mexco
United States
Farm Bureau Opposes REA Tax Unless Municipals Are Taxed
Iowa Farm Bureau directors meeting in Des Moines vow to oppose any bill that taxes REA transmission unless municipalities face a similar tax. They cite 1943 resolution favoring tax exemption for REA lines and say REA cooperatives are like municipal plants as non profit entities serving farmers. The group notes current House bill omits municipals, leaving no alternative but to oppose the measure.
MENTIONED IN THIS ARTICLE
REA
General Assembly
Farm Bureau
Coming Farm Auctions Advertisement Highlights
Public sale by Dr H C Stitzel on March 19 one mile north of Waubeek. Guernsey cattle sale by Dave oe six miles northwest of Cedar Rapids on March 29. Oat hog sale by J M Tudor four miles north of Stanwood on March 21. Public sale by Joe F Stanek three and a half miles northwest of Mt Vernon on March 22. Closing sale northwest of Mt Vernon on March 26.
MENTIONED IN THIS ARTICLE
H. C. Stitzel
Waubeek
Guernsey
Dave Oe
Cedar
J. M. Tudor
Stanwood
Joe F. "Stanek
One Rapids Vna
Clos
Mt. Vernon
Margin rules set for grains after initial requirement
Board sources say margins after satisfying the initial requirement must be kept at Wheat 30 cents, corn 16, oats 12, barley 25. On Monday’s closes margins at 25 percent would be about 77 cents for March wheat, 69 for May wheat, 66 for July, and 57 for September. CEA also sought higher margins from grain exchanges at Kansas City and Minneapolis. Minneapolis implemented new requirements March 15. Kansas City directors postponed their decision.
MENTIONED IN THIS ARTICLE
Commodity Exchange Authority
CEA
Kansas City
Minneapolis
Waukon Equity Co-op Holds Annual Meeting
Mrs Hazel Whalen and Edward Schoenthal were reelected to the board of directors of the Waukon Equity Cooperative Association at the annual meeting. Officers re elected include Henry Fossum as president Lou Sherman as vice president and Schoenthal as secretary treasurer. George Hexom remains director and William G Ashline serves as manager.
MENTIONED IN THIS ARTICLE
Waukon
Hazel Whalen
Edward Schoenthal
Waukon Equity Cooperative Association
Henry Fossum
Lou Sherman
Schoenthal
George Hexom
William G. Ashline
Cargill seeks damages from Board of Trade over futures halt
Cargill Inc. filed an amended suit seeking 10.624 million dollars in damages and an injunction to bar the Board of Trade from fixing futures prices. The action stems from a May 1946 decision to halt certain grain contracts after government ceilings rose, leaving old ceilings in place. The suit, initially filed May 21, was amended and supplemented Tuesday.
MENTIONED IN THIS ARTICLE
Chicago
Cargill, Inc
Minneapolis
Board of Trade Directors
Cargill
Cattle Shipments From Local Growers to Chicago
Ralph J. Orr George S Lyon and Julius Broth ers each shipped a load of cattle to Chicago Monday The local shipping association also shipped a load of hogs Edwin Wilcox Robert Serbousek Marvin Hand wardsen and Neal Paulsen also have shipped cattle recently
Lamb Feeders Day program at Ames to feature talks
The Lamb Feeders Day program in Ames will include Swift Man Haase speaking on lamb merchandising and live lamb grading demonstrations. Harry Linn, state secretary of agriculture, will explain the market news service. The morning program begins at 10 a.m. in the meat laboratory.
MENTIONED IN THIS ARTICLE
Ames
Thursvision
Iowa State College Extension
Haase
Harry Linn
State Secretary of Agriculture
Solon Proposes Recruiting Farm Labor From Germany Zones
Rep. Case suggests using American British occupation zones in Germany to recruit farm labor for the United States. He cites benefits including obtaining good labor, lowering abroad relief costs, and easing population pressures, noting Jamaica and Mexico programs have been unsatisfactory.
MENTIONED IN THIS ARTICLE
Solon
Germany
Washington
Case
R-S. D
State and Agriculture Departments
State Department
House Appropriations Committee
Jamaica
Mexico
Nebraska Farmers Rely On Pay As You Go Credit
University of Nebraska study shows farmers in Nebraska use a pay as you go policy and have not increased loans for current agricultural operations since 1941. In contrast, commercial and industrial loans, real estate, and consumer loans rose. Dr. Edgar Z. Palmer notes war inflation raised assets but farm loans stayed flat, then rose postwar. Agricultural lending fell to 5 percent of total bank loans by 1946, down from 15 percent in 1941.
MENTIONED IN THIS ARTICLE
Lincoln, Neb
INS
Nebraska
University of Nebraska Bureau of Business Research
Edgar Z. Palmer
Bureau
Neka
Tota
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Agriculture Department
U. S. Today
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Buehler
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Waukon Equity Co-op
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THE
Sherwin-Williams Co
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Thomas A. Edison
Edison
Machin Thomas
Sdison
Edwin C. Barnes
Kresge
Stoker Owners
Stoker
Cedar Rapids Fuel CO
ED Soboda
Eclay
Dusty Rose
Seiberling
First Avenue
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