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Cedar Rapids Gazette in Cedar Rapids, Iowa

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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Mar 18, 1947

Page

16

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Lincoln, Neb INS Nebraska University of Nebraska Bureau of Business Research Edgar Z. Palmer Bureau Neka Tota

Also Mentioned on This Page

Secretary of Agriculture Anderson Agriculture Department U. S. Today Becker Roofings & Insulation No Fourteenth Ave Cedar Rapids Merle E. Garmoe D.D Third Street Buehler Super Meat Market FIRST WMT Beverly Cattle Company Hercules Beales E. Cohn & Sons, Inc 9Th Ave 83Rd ST. S.W Waukon Equity Co-op Gale Frink Ardell Soka Deere Ecovent Ana Meus Board of Trade Red Cross LURE Sherwin-Williams Research THE Sherwin-Williams Co Dial 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 Seiberling' Tires
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