Bankers Tighten Loans on Cold Storage Goods
A May 21 conference with the Federal Reserve Board led to plans to restrict loans on future cold storage goods such as butter eggs and frozen poultry. Banks to call 2 to 4 billion in loans within four months while lawmakers move on the Farm Loan Bill. Critics say the policy favors large packers and raises consumer prices, threatening competition and farmers’ access to funds.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Washington
Harding
Joans
Senate
Secretary of Treasury
Supreme Court
Inquiries On E E Connery Plans In Minneapolis May 21
Inquiries arise about the future plans of E E Connery & Co and its chief after a farewell letter. The Packer man reports questions about Chicago ties and the Minneapolis branch. Connery says the Chicago office will not be headquarters and that Nissen took over the Minneapolis business as a separate matter. He also claims a Ft Worth office will open, though prior notices claimed it already existed. Trade sources note little sales activity for months.
MENTIONED IN THIS ARTICLE
Minneapolis
E. E. Connery
E. E. Connery & Co
Packer
N. P. Nissen
Connery
Chicago
Nissen
Ft. Worth
Carriea
Allex Woldert Wins Lawsuit Over Peach Shipments
Tyler Texas May 21 After a 23 day federal trial the Alex Woldert Company won against Cotton Belt Railroad for 4933 dollars and costs over peach shipments in 1916. The case, one of East Texas’ longest and hottest, grew from freight claims and involved A R T Company agents and lawyers.
MENTIONED IN THIS ARTICLE
Allex
Woldert
Railroad
Tyler
Tex
United States
Cotton Belt Railroad
Alex Woldert Company
East
Texas
H. Gorman
A. R. T. Company
Big Cold Storage Plant Planned In Kansas City
The Heim brewery in Kansas City was bought this week by Empire Storage and Ice Company a new firm formed by Kansas City and Chicago investors. It will be a cold storage warehouse principal business, with cheese production as a secondary line. The firm paid 500000 for the Heim property. Directors include J L Kraft S C Scotten George J Schmidt W Gees and F H Gromwell. Schmidt to manage storage. Aim to turn Kansas City into a storage hub for Northern produce.
MENTIONED IN THIS ARTICLE
Kansas City
Heim
Empire Storage and Ice Company
Chicago
J. L. Kraft
S. C. Scotten
George J. Schmidt
F. H. Gromwell
Gees
Cromwell
Schmidt
Watermelon crop in Texas seen strong for year
Reports from Texas indicate a record watermelon harvest with over 25,000 acres planted. Southern districts including Lower Rio Grande Valley, Falfurrias, Sandia, and Corpus Christi show good moisture and advancing maturity, with first movement around June 1. East and West Texas also forecast strong yields, while July starts loom for some areas.
MENTIONED IN THIS ARTICLE
South Texas
Rio Grande Valley
Dallas
Texas
Falfurrias
Sandia
Corpus Christi
Weatherford
Bureau of
Brownsville
Riviera
Falsturrias
Mathis
Realitis
San Antonio
Hempstead
Sealy
Elgin
Keenan
Floresville
Calaveras
Elmandorf
East Texas
Miller Buys Three New York Produce Stores
Arthur Miller and the Miller-Cummings Co. acquire 330 Washington Street, 332 Washington Street, and 41 Harrison Street from the Mary R. Callendar estate. The deeply located Washington Street property becomes central to the produce district with twin frontage and close proximity to neighboring lots. Washington, D. C., May 21. Rate hearings opening next Monday likely span two months as railroads seek 28 to 30 percent rate increases. final decisions expected in August.
MENTIONED IN THIS ARTICLE
Arthur Miller
New York
Washington Street
Harrison Street
Washington, D. C
Packer
Chicago Fruit Trade Debates Moving City Market
Chicago fruit and produce dealers met at the Mercantile Exchange to discuss relocating the wholesale market from South Water Street and seeking city aid. A motion to form a permanent organization failed 26 to 28, then passed unanimously on reconsideration, with Thomas F Gallagher Jr elected president and J B Mitchell vice president.
MENTIONED IN THIS ARTICLE
Chicago
Fruit and Produce Dealers of
Chicago Mercantile Exchange
San Francisco
Thomas F. Gallagher
South Water Street
Mercantile Exchange
W. Lake Street
Colely
Ofer
Thomas F. Gallagher, Jr
J. B. Mitchell
E. D. Slater
W. H. Wicomb
Howard Sloan
O. T. Hillei
K. Earl
Oscar Olson
J. J. Gerber
Traffic Congestion Delays Poultry Shipments in KC
May 21 Kansas City reports heavy congestion delaying poultry shipments as express firms lag in returning empty coop cars. Officials cite manpower and vehicle shortages with no immediate relief. The Kansas City Wholesale Exchange authorized its president to contact the Interstate Commerce Commission for improvements.
MENTIONED IN THIS ARTICLE
Kansas City
Kansas City, Mercantile Exchange
Interstate Commerce
Chicago Trade Thinks 1 Advance in Freight Rates is a
Chicago dealers meeting at the Booster Club rooms on South Water Street discussed railroad freight rate hikes. Frank S. Nellis urged higher rates, arguing bad equipment and refriger ator car shortages threaten profits and growers’ livelihoods this year. A unanimous vote supported rate increases, with Nellis and Wallace B. Clore appointed to draft a letter to the Interstate Commerce Commission.
MENTIONED IN THIS ARTICLE
Chicago
South Water Street
Frank 5. Nellis
F. E. Nellis &Co
Yates
Nellis
John Denney
F. E. Nellis
Wallace B. Clore
Interstate Commerce Commission
Banana Freight Refunds Due in National Audit
Kansas City May 21 The banana trade has received circulars from a freight audit company claiming all buyers of bananas and coconuts moved from the South are due refunds on freight for cars purchased in the past seven years if not reimbursed. The audit seeks paid freight bills original invoices or fading bills and an assignment of interest to the audit firm.
MENTIONED IN THIS ARTICLE
Kansas City
Railroads face banana claim demands and audit confusion
The article discusses railroad claims for banana shipments with estimated refunds of six to twelve dollars, noting many invoices from major banana dealers in the South and West. It questions why dealers must assign claims to an audit company and why payouts would go to claimants rather than the auditor, urging the trade to scrutinize assignments and the people requesting them.
MENTIONED IN THIS ARTICLE
Daas
So for the Strawberry Season Has Been a Winner
New York reports a favorable strawberry season with strong demand and high prices. Early demand pushed prices to 1.25 dollars per quart, Florida berries around 1.00, and Georgia/Michigan levels above 40 to 50 cents. Canneries contracting at high prices may curb supply though sugar scarcity could offset value. Delaware Maryland New Jersey crops due soon. current North Carolina fruit sold 20 to 30 cents per quart, with extras up to 50 cents. Tennessee and Norfolk berries varied up to 35 cents.
MENTIONED IN THIS ARTICLE
New York
Florida
Delaware
Maryland
New Jersey
Hudson River
North Carolina
Traffic Committee Meets in Chicago With Freight Rates Debate
The American Fruit and Vegetable Shippers Association traffic committee met in Chicago at Secretary Robert Cumming’s offices to discuss trade issues and consider a proposed freight rate increase. Attendees included J. Curtis Robinson as chairman, W A Schumacher, J A Stewart, O W Tong, J O Regan, E O Ramsey, and H W Bishop.
MENTIONED IN THIS ARTICLE
Chicago
American, Fruit and Vegetable Shippers’ Association
Robert Cumming
J. Curtis Robinson
W. A., Schumacher
Transportation Committee
J. A. Steward
O. W. Tong
Old Potato Market in Chicago Steady Under Light Receipts
Old potato prices in Chicago held steady with light arrivals and weekly gains of about $1.20 per barrel for new stock. Canadian shipments varied in quality, Minnesota Michigan and Wisconsin stocks were light, and overall demand stayed good amid mixed supplies. New and old potatoes on track reached unusually low counts, signaling tightening stocks despite higher nearby prices.
MENTIONED IN THIS ARTICLE
Chicago
Canada
Beene
Michigan
Wisconsin
Minnesota
Minnesotas
Florida
Louisiana
Heavier Florida spud receipts in New York markets
New York reports show Florida potato arrivals for the week’s first half were heavier with mixed quality. No. 1 stock ranged $12 to $15 per barrel, No. 2 $11 to $13, No. 3 $6 to $10, with poor stock lower. Wedge-lock crates from lower Florida sold $3 to $6, culls to $2.50. Bermuda and South Carolina offerings. Bermuda stock about $1 above Florida. Domestic old potatoes nearly finished. Aroostook stock still available but East markets clearing.
MENTIONED IN THIS ARTICLE
New York
Florida
South Carolina
Bermuda
Floridas
Aroostook County
New England
Georgia Peach Crop South of Atlanta Falls Short of 7000 Cars
Fort Valley reporters warn Georgia south of Atlanta faces a very light peach crop. Mayflower fruit shipments to New York begin with three crates sent to New Orleans. Elberta yields are extremely light across Fort Valley, with Hiley Belle and Georgia Belle showing best but insufficient supply. Weather has been wet and cold, delaying harvest by at least two weeks and likely reducing total cars shipped below spring estimates.
MENTIONED IN THIS ARTICLE
Fort Valley
Georgia
New York
New Orleans
Marshallville
Atlanta
Alberta
Packer
South Georgia
Potatoes Trade And Sea Transit Hung On Ocean Deliveries
Season unsettled in New York with Maine price gaps for potatoes. Cars from Maine sold on track at 6.50 cwt while Maine buyers asked 7 per cwt delivered Harlem River. Farmers paid 10 per barrel track. 41,569 bags aboard Toledo Bridge from Copenhagen unloaded. Lake Festus lost rudder 100 miles off Halifax, due next week. May 11 departure from Copenhagen carrying 45,000 bags. Potato quality on Toledo Bridge reported fine.
MENTIONED IN THIS ARTICLE
New York
Maine
Harlem River
Toledo Bridge
Copenhagen
Lake Festus
Halifax
Toledo
A F Young and Co joins New York division of American Fruit Growers
New York May 21 Late last week A F Young and Co of New York became the New York division of the American Fruit Growers Inc The change continues the firm’s role handling arrivals and expands its office and sales force to manage increased business Co E Wheelwright remains general manager of the New York division and the move does not affect existing or future business of A F Young and Co
MENTIONED IN THIS ARTICLE
New York
A. F. Young & Co
American Fruit Growers, Inc
A. F. Young &Co
Crutchfield&Woolfolk
1. H. Peppers
FP. Dutton
First Imperial Valley cantaloupes to move May 21 or 22
First carload of Imperial Valley cantaloupes is expected to depart Brawley on May 21 or 22 as weather shifts hasten ripening. Officials revise harvest projections to about 70 percent and anticipate 5 000 to 7 000 cars for shipment while noting wind damage to first settings and a growing labor supply.
MENTIONED IN THIS ARTICLE
Brawley
Calif
Imperial’ Valley
W. Waite
Fred Hilvert
S. S. Gerrard & Co
Lee Siebert
Crutchfield & Woolfolk
Waite
Westmoreland
Cold storage eggs and butter stocks in U S May 1
U S cold storage eggs totaled 2,101,275 cases on May 1 down from 2,278,247 a year earlier. The May movement into storage was 2,020,000 cases, vs 960,000 in April 1919. In the first half of May the four main cities saw a 600,000 case rise this year versus 788,000 last year. Creamery butter stocks stood at 7,488,000 pounds, down from 9,059,000 a year ago and down 5,068,000 from April.
MENTIONED IN THIS ARTICLE
Washington
United States
Bureau of Markets
Chicago
New York
Boston
Philadelphia
Supreme Court Upholds Damage at Current Market Value
Washington May 94 A Federal court ruling upheld provisions in bills of lading set by the Interstate Commerce Commission that losses to shippers be computed at the value at shipment. The decision, involving the Chicago Milwaukee and St Paul Railroad and McCaull Dinsmore Co. on wheat in transit, conflicts with the Cummins amendment.
MENTIONED IN THIS ARTICLE
Packer
Washington, D. C
Interstate Commerce Commission
United States’ Supreme Court
Cummins
Chicago
Milwaukee and St. Paul Railroad
Minnesota
McCaull-Dinsmore Company
L Starks Company Case Heads for Early Trial
In Chicago on May 21 counsel for the L Starks Company indicted for alleged Lever Act infringement appeared in Federal Judge Landis's court and entered a not guilty plea. Thornton and Chancellor said they are ready for trial while Mr Starks urged an early date. Other cases on the docket may delay call by the district attorney.
MENTIONED IN THIS ARTICLE
Chicago
L. Starks Company
Wisconsin
Potolo
Landis
Thornton& Chancellor
Starks
McElroy Indicted for Profiteering in Potato Trade
New York May 21 federal Grand Jury indicted John McElroy of John McElroy & Sons potato receivers at 390 Eleventh Avenue on profiteering charges. He allegedly sold 53 995 pounds of potatoes at 14 18 cents per 180 pounds bulk while cost was 8 31 per 180 pounds bulk.
MENTIONED IN THIS ARTICLE
New York
Federal Grand Jury
John McElroy
John McElroy & Sons, Potato Receiv
Ors
Eleventh Avenue
Also Mentioned on This Page
Federal
E.E. Connery
Seaaway Trade
Chicago Trade
Irl Daily
N.Y
Elbertas
Hiley Belte
Georgia Bellera
Elberta
The
Division of
American Fruit Growers
Haya
Atickas
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