Sherman Plan Contracts Going Out to the Trade
Contractors were invited to apply for next phase of the Sherman Plan as opportunities open for bids. Officials urged qualified firms to submit proposals and meet stated deadlines for project involvement.
28 Aug 1926
Page 1
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Newspaper
Chicago Packer
Location
Chicago, Illinois, United States of America
Date
Aug 28, 1926
Page
1
Contractors were invited to apply for next phase of the Sherman Plan as opportunities open for bids. Officials urged qualified firms to submit proposals and meet stated deadlines for project involvement.
Washington August 24 1926 report on the battle over the Sherman Plan for cooperation in standard trading practices for fresh fruits and vegetables. Justice Bailey dismissed an injunction. the department sent contracts to interested parties and outlined registration and branding steps while opponents press a new legal challenge claiming coercive government partnership and potential black listing.
The Eastern States Warehouse and Cold Storage Company of Springfield Mass filed a voluntary bankruptcy petition in Boston. Liabilities are listed at 799 909 with assets around 300 000. Four Springfield banks hold claims totaling 260 000 and a group of 23 other banks hold secured claims against warehouse certificates of small value. Third National Bank appears most involved with 136 180 in claims and certificates valued at 1 150. The firm had reorganized after years of steady business, but distress persisted and owners took over the premises in May to form Atlantic States Warehouse and Cold Storage, an attempted continuation that failed.
A large ten inch double column ad by the H. J. Heinz Company promotes spaghetti to boost sales while critics say heavy advertising harms growers and distributors. Amid market notes from Liverpool, barrel apples prices range with Virginia Duchess at 7.92 to 9.93 and Gravensteins near 10.80 to 11.50, with various fruit and pears in boxes.
Estimated production figures show apples at 39,559,000 barrels, potatoes 345,569,000 bushels, peaches 63,619,000 bushels, pears 25,047,000 bushels, and sweet potatoes 73,140,000 bushels in 1926, compared with 33,044,000 barrels, 325,902,000 bushels, 46,565,000 bushels, 19,820,000 bushels, and 62,494,000 bushels in 1925.
A historic discussion on orderly marketing of farm products highlighting cold storage as the foundational price leveler. The speaker recalls early reforms in New York city, the evolving understanding of cold storage, and its role in collecting, storing, and releasing produce to balance prices with production cycles. Field notes emphasize perishables, market value, and the need for a reliable warehouse system to stabilize prices.
George W. Davis of Atlantic City, active in fruit and vegetable trade since spring, ran into financial trouble after issuing several checks marked insufficient funds. Philadelphia merchants who extended him credit are seeking payment, and Davis’s current whereabouts are unknown.
A special train of railroad operating men toured the Niagara Fruit Belt to plan early handling for what is expected to be the greatest apple crop in the belt’s history. Executives D W Dinan of Syracuse and F E McCormack of Buffalo joined the trip, with routes through Ransomville and Wilson to facilitate transport from the belt’s heart.
A J McMath secretary and treasurer of the Eastern Shore of Virginia Produce Exchange at Onley dies at 3 a m after heart trouble. He helped plan and build the exchange, served since 1900, and was also a Virginia State Board of Agriculture member. His death saddens Eastern Shore markets and seaboard shippers.
New York Aug 27 Creditors are looking for Sam Zwick a fruit jobber of Middletown NY While the creditors were en route to Middletown their buyer Pulaski reportedly owed the trade about 60000 dollars Twenty members of the trade loaded their morning purchases but the trucks never reached Erie Middletown.
Canada reports a small decline in the August crop estimate but production remains near last year’s level. British Columbia gains while New Brunswick and Nova Scotia show slight losses. Ontario holds steady. The August report by the Department of Agriculture notes good quality and normal size, with 2,849,430 barrels forecast versus 2,883,400 in 1925.
The National Vegetable Growers Association will meet in Cleveland September 14 to 17 with headquarters at the Hotel Winton. Organizers led by John Hoag expect over 500 attendees and urge early hotel registrations. The program includes business sessions, a banquet with supply dealers, greenhouse field trips, and a theatre party at Klebhs Palace.
Judge Dick Munson of the United States District Court ruled Girard Grocery Company bankrupt after no contest to the insolvency decree. Receivers Otto Heiligman and Clayton Branch to oversee a public auction of assets valued around 200 000 dollars as debts exceed six hundred thousand. Referee David Amram investigates nearly 1 000 000 in cash and groceries, with stockholders and creditors alleges deceiving statements.
New York market reports a strong start to the week with peaches easing later by about 50 cents per basket. Fancy Virginia Belles and Hales fell from 3 to 4 dollars to around 3.50, while Jersey picks like Hileys moved 2.25 to 1.50 1.75. Rain Monday worsened quality for Wednesday and Thursday arrivals, with Jersey baskets generally 1 to 1.65 and Elberta stock from NC Virginia Delaware and Maryland at 2.50 to 3.50 per basket. poor grades 1.50 to 2. Rain-soaked fruit sold very low.
New York dated Aug 27 reports H Abedon of Providence Rhode Island a fruit and produce jobber filed a bankruptcy petition Liabilities amount to 4115 with assets 1287 Abedon had been a small buyer on this market and owed several accounts here for months
The New York fruit market faces a rough week with weather hampering movement and driving price declines. California oranges and lemons dropped while Porto Rico pineapples held with upward momentum. Sicily lemons saw a major price break after a large sale.
Fresno Calif Aug 27 Trial opened in Superior Judge Charles R Barnard s court for three Krasnow brothers of the fruit shipping firm R Krasnow Sons on charges of obtaining money by false pretenses The case centers on a bill back to Prestidge Fruit Company claiming spoiled fruit But Prestidge says the billback was paid six months after the 1924 season and the fruit was not spoiled The jury includes Lawson Allen Duncan and others The prosecution is led by Ernest Walling and E A Williams Jr while defense is by W M Conley and Tener Nielsen The trial is expected to continue for several days
Detroit August 27. The cases of Louis Frontiera charged with breaking seals and stealing produce from cars in the Michigan Central Produce Yards came before Commissioner Hurd in the United States District Court. Frontiera was bound over to the Federal Court for trial with bond set at 2000 dollars. The railroad hopes to stop the yard thefts.
The Produce Packer issue is a weekly newspaper devoted to commercial production and marketing of fruits vegetables and related markets. It offers market and trade news of interest to shippers and distributors of eyes poultry butter hides wool fur and more with free sample copies on request.
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