Brookhart Fruit case stalls on 50 percent offer at bankruptcy hearing
Creditors adjourn the Cleveland bankruptcy court session after no action on the Brookhart 50 percent settlement bid. Auditors gain time to review books as the judge schedules a Saturday morning recess to resume the hearing. The tangled affairs include a December 31 1929 financial statement showing assets totaling 58066 03 and debts of 38458 18, with net worth cited at 18842 31 and 17000 capital stock.
MENTIONED IN THIS ARTICLE
Bankruptcy Court
Cleveland, O
Brookhart Fruit Company
Brookhart
Kansas City
Cleveland
Ih Bank
Northern Ohio
Wiggins Company Succeeds E W Wiggins in Plant City
Plant City Florida September 12 The E W Wiggins Company succeeds E W Wiggins in continuing the produce business started in 1893 by Wiggins The firm buys ships and deals in fruits and vegetables including beans potatoes cucumbers tomatoes peppers squash oranges grapefruit and tangerines R M Morgan remains manager and the company owns all trade names brands and goodwill The Pack earlier misstated a different firm as successor The Wiggins name carries high standing and Morgan will maintain business standards
MENTIONED IN THIS ARTICLE
Fila
E. ‘W.wiggins
E. W., Wiggins
Wiggins
R. M. Morgan
E. W. Wiggins
E. W. Wiggins, Company
Thas
F. R. Wiggins
Florida
Hlad
Kk. M. Morgan
E. W .Wiggins
Creditors Refuse Tesoriero Bros. Settlement Offers
New York reports that Tesoriero Brothers, fruit and vegetable jobbers at Wallabout Market, Brooklyn, closed their doors. One brother offered creditors a 40 percent settlement with 20 percent cash in 15 days and 20 percent in notes in 10 days, plus another plan to pay 100 percent in notes over time. Creditors rejected both proposals, and no asset or liability details were released, leaving creditors in the dark about the firm’s totals.
MENTIONED IN THIS ARTICLE
New York
Tesoriero Brothers
Brooklyn
Tesoriero
Owen
Apple Exports Rise in U S and Canada Totals
New York September 12 report shows for the week ending September 6 exports of apples from the United States and Canada reached 13,830 barrels and 24,793 boxes. Year to date exports stand at 25,551 barrels and 430,390 boxes, versus 136,060 barrels and 301,891 boxes at the same date last year.
MENTIONED IN THIS ARTICLE
New York
United States
Canada
International Apple Association
Modern market shift ends public markets era in New York
The New York Sun quotes Governor Hoosevelt on terminal facilities while New York City politics push for large public markets. Private and neighborhood retail, led by the Pennsylvania Railroad fruit and vegetable piers, serve daily needs directly to households. The piece argues that housewives now obtain fresh goods at their doors through nearby stores and peddlers, not distant public markets, signaling a shift in distribution and consumer behavior.
MENTIONED IN THIS ARTICLE
New York
New York Sun
Hoosevelt
New York City
Bronx
Staten Island
Pennsylvania Railroad
North River
Bronx Terminal
Hylan
Weisman and Obshatkin Bankrupt in Newark
New York Sep 12 Last week The Packer reported Newark New Jersey fruit and produce jobbers Weisman and Obshatkin were in financial trouble with checks bouncing. The firm closed and placed in the hands of an assignee after filing a bankruptcy petition on Friday September 6. Slow pay had been alleged and reports claimed they bought their building and were strained to pay for it.
MENTIONED IN THIS ARTICLE
Weisman & Obshatkin
Newark
New York
Packer
N. J
Weismann & Obshatkin
Peach Loss Not in New York Market
New York Sept 12 The Packer headline claimed a $1,000,000 peach storage cost for New York trade a gravely misleading line that overstated the loss. The article explained the $1,000,000 figure covered the entire US peach trade, not just New York.
MENTIONED IN THIS ARTICLE
New York
United States
Little change in apple crop since August 1 report
Washington dispatch notes a government forecast for the 1930 apple crop, with estimates showing about 80 percent of the five year average. The report contrasts a small drop in Delta California celery acreage with last year and records 6,900 acres versus 7,620 in 1929. It also cites a commercial crop forecast of about 90,784,000 barrels against last year’s 29,011,000 barrels.
MENTIONED IN THIS ARTICLE
California
Washington, D. C
Delta
Washington
D. C
New York
Cumberland
Shenandoah
N. H
New Vt
England
Mass
Kk. I
N. Yi
N. Jo
Maine
Boston
W. Va
N. C
Constant Dreamo
S. C
N.Y
Connie
N. J
Frost Memorial Hospital
Zagas Pa
Chelsea
Ohio
Wis
York & Whitney
New Town
Indiana
Hampshire
Kan
Iowa
Miss
Tex
Okla
Tenn
Ark
Colo
N. Mex
Mont
Ariz
Utah
X. M
Ney
Idaho
Calif
Oregon
Potato Crop Forecast Shows Large Drop in 1930
Government September report indicates potato production may fall to under 340 million bushels, about 6 percent below last year and 14 percent below the 1924-28 five year average. Drought, heat, and insufficient moisture cut yields, especially in Michigan, Minnesota, Wisconsin, and Pennsylvania, with Maine hit by heavy rains and rot. Continued declines expected in northeastern sources.
MENTIONED IN THIS ARTICLE
Washington, D C
Michigan
Minnesota
Wsconsin
Pennsylvania
Maine
Onion shippers seek end to unfair practices in receiving end
Indiana and nearby state onion shippers met in Fort Wayne on September 12 to discuss eliminating unscrupulous practices at the receiving end. A separate association may not form, as many plan to align with the National Onion Association, which is in its eighteenth year and aims to improve trade conditions. Mandatory licensing regulations are available to shippers.
MENTIONED IN THIS ARTICLE
Fort Wayne
Ind
Indiana
National Onion Association
Cuban Tariff Protest From Havana Representative Letter
A Cuban representative to Sqobel & Day argues the US tariff is unjust, noting Cuba’s exports to the United States are about one sixteenth of total imports while paying about a quarter of all duties. The letter cites 1927 US duties totaling $600 million on $4.2 billion in imports, with Cuba’s exports worth $256 million and duties of $141 million. It ends noting continuation on page 12.
MENTIONED IN THIS ARTICLE
Cuba
United States
New York
Sgobel & Day, Inc
Vincente Millan
Grape Deal in California Reads Like a Puzzle
Fresno report outlines uncertain outcome of the California grape deal under Farm Board controls. Shipments cut 25 percent ordered, but carload totals rise. wire inquiries drive market signals. Tariff critiques warn of harm to growers and broader economic effects, with Canada and Europe already moving to retaliate.
MENTIONED IN THIS ARTICLE
Fresno
Calif
Farm Board
Control Board
Iaccarino Page Sheds Light on New York Fruit Jobber Debt
Andrew Iaccarino a New York fruit and vegetable jobber at 2029 First Avenue assigned last Friday to Sol K Ellenbogen of Bronx 1450 Jessup Avenue. He faced long financial trouble with about 71 creditors owed between 15000 and 16000 dollars and earlier sought an indefinite extension on August 4.
MENTIONED IN THIS ARTICLE
New York
Andrew Taccarino
First Avenue
Sol K. Ellenbogen
Jessup Avenue
Bronx
Taccarino
Weinstein Returns to Business at New York Market
Leo Weinstein, once in default to the trade, resumes activity with Kay Produce Company in Gansevoort Market. Creditors, awaiting a favorable update by Wednesday, report he was homesick. he assigned assets Thursday to Grover Spangler of Crispo & Sons to wind up the creditors’ matter.
MENTIONED IN THIS ARTICLE
Leo Weinstein
New York
Kay Produce
Gansevoort
Weinstein
Grover Cleveland Spangler
Crispo & Sons, Inc
Spangler
The Produce Packer Weekly Trade Newspaper Overview
The Produce Packer announces a separate weekly edition focused on market and trade news for shippers and distributors of eggs poultry butter hides wool furs and related commodities. A free sample copy can be mailed upon request.
Honest Dealers Need Not Fear Perishable Act
The piece explains the Perishable Agricultural Commodities Act licensing rules for wholesale dealers and commission merchants with branches. A single headquarters license can cover all branches, or separate licenses may be issued per branch. Complaints against a branch can be handled without implicating headquarters. if a branch is found guilty, only its license is revoked. If branches lack licenses, headquarters defends the organization. The article notes a $10 fee per license, regardless of whether issued to an individual or a branch, and mentions ongoing discussions with firms about the law’s workings.
MENTIONED IN THIS ARTICLE
New York
Packer
C. W. Kitchen
Bureau of Agricultural Economics
Washington, D. C
Reputable
Daily Juice Grape Auction Sales to Begin in Chicago
Chicago Sept 12 Daily sales of juice grapes will begin next Monday at the Chicago Produce Terminal yards 27th street and Ashland avenue. The United States Fruit Auction Company reports light offerings with six cars sold Wednesday and a sale planned for today. Zinfandels brought up to 1 02 and averaged 99 cents per log as bidders seek steady track shipments from California to eastern buyers under supply and demand.
MENTIONED IN THIS ARTICLE
Chicago
United States Fruit Auction Company
27Th Street
Ashland Avenue
California
U. S
I. G. Adamson Pioneer Texas Shipper Dies
San Benito Tex Sept 12 TI G Adamson pioneer San Benito produce dealer and shipper died in a San Antonio hospital Tuesday after illness He is survived by his widow and three sons The body will be taken to California for burial
MENTIONED IN THIS ARTICLE
San Benito
Tex
G. Adamson
San Antonio
California
Cerniglia Brothers Put In Receivership In Atlanta
Cerniglia Brothers, commission merchants in fruits and vegetables, were placed in receivership last week in Atlanta Georgia. Principal debts are said to be owed to a bank and balances on refrigerating machinery estimated between ten thousand and fifteen thousand dollars.
MENTIONED IN THIS ARTICLE
Atlanta
Cerniglia Brothers
Colorado Peaches About Done
Denver reports about 1,250 cars of Colorado peaches have rolled, with slightly under 100 cars more to move from the North Fork district between Delta and Paonia. Last year Palisade crop had about 600 cars rolled of 1,765 for 1929.
MENTIONED IN THIS ARTICLE
Colorado
Denver
Colo
North Fork
Delta
Paonia
Rubber From Potato Starch Experiment by Firestone
Dispatches from Akron indicate Firestone is experimenting with synthetic rubber based on potato starch. Commercial practicality remains uncertain as of now.
MENTIONED IN THIS ARTICLE
Chicago
Akron
Firestone
Also Mentioned on This Page
W. Wiggins Company
E.W. ‘Wiggins
Plant City
Fla
Tesoriero Bros
Apple Exports
Sqobel & Day
Republican Party
America
Dominion
Europe
Duriffé
Congress
Iaccarino
Constant Creano
I. G. Adamson
Texas
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