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Newspaper
Chicago Packer
Location
Chicago, Illinois, United States of America
Date
Sep 20, 1930
Page
1
Department of Government enforces mandatory licensing, facing intricate problems as investigations proceed. Officials promise thorough inquiry into complaints, with emphasis on enforcing the licensing bill despite mounting obstacles.
Washington report explains how the Borah Bill targets misrepresentation in interstate trade. It urges fair dealing by all players including brokers receivers and shippers, with enforcement to protect honest traders and punish dishonesty. The piece cites a potato shipment example where bad stock is misrepresented as U S No 1 to show how inspectors and buyers cooperate to enforce the law.
The Garcia & Maggini Company, long a fruit packer and shipper in San Francisco, filed a voluntary bankruptcy petition in U S District Court after years of financial trouble. Once a major California grape and Sebastopol operator, the firm now focuses on dried fruit and faces asset sale pressure from creditors in Freano and San Jose.
In Freend California on September 19 a legal action was filed in Superior Court to compel delivery of grapes. The suit names Thomas Mouradick and Frank Dunkel as defendants and includes the California Raisin Pool Sun-Mald Raisin Growers California Fruit Exchange California Vineyardists Association San Joaquin Grower Shipper Association and the California Grape Control Board as plaintiffs. A restraining order bars Mouradick from receiving grapes from Dunkel and from more than 16 000 other contracted growers.
Horowitz Brothers wholesale fruit and vegetable dealers at 165 Osborn Street Brooklyn filed a bankruptcy petition on a Wednesday. Liabilities total 22108 with assets of 17904. Owned by Julius and Benjamin Horowitz, the firm faced financial trouble since last November after creditor meetings and an attempted arrangement to pay up.
A bankruptcy petition was filed last week against Puritan Foods Inc chain stores in Charleston West Virginia. Armour & Co Farmers Hardware and Supply Company and Boyd Systems Service Company are petitioners. 8 D Erdien was named receiver.
In Cleveland on September 19 two brothers Frank and Robert Wachman, claiming Newark origins, arrived to operate in the Cleveland produce trade. They bought watermelons from a local firm, then vanished, selling the cargo and moving back to Newark with their furniture. Trade firms from New York to Philadelphia should beware.
Washington Sept 19 The Agriculture Department reports August heat and drought trimmed both late domestic and Danish cabbage prospects but overall 1930 yields should top 1929. Domestic cabbage up about 4 percent and Danish storage cabbage about 6 percent, though below five year averages by 60 and 10 percent respectively. Early Colorado crops hurt by heat, but August rains improved late crop moisture and condition remains satisfactory.
In Cleveland on September 19 creditors of the Brookhart Fruit Company, facing a bad financial situation, discussed the proposed 50 percent cash settlement. The majority voted to accept the offer as full payment, while some shippers with net proceeds from shipments hesitated, hoping for full settlement under court processes. The decision by the creditors was finalized in bankruptcy court and now awaits Circuit Court approval or rejection.
Sherman and Gerstein of Chicago owe about $21 000 with assets around $1 000 to $5 000. Creditors met Tuesday as books are audited and refinancing sought. The partnership formed in 1919 and renamed after Gerstein bought Mages in 1928. The tomato deal of 1929 is cited as a turning point.
Fresno California Sept 19 In face of rising shipments over 2000 cars ahead of last year the clearing house committee of the California Grape Control Board orders juice grape shipments cut 50 percent and table grape shipments 36 percent. Next week daily movement expected over 1000 cars with an advertising push. Original 6000 car estimate for the week to be reduced to about 4000 under the program.
Observers note a potential one third cut in next weeks shipments as eastern terminals show piling cars and weak demand. Prices dipped to 67 cents a lug on some varieties, producing red ink for most shippers especially on Tuesday and Wednesday. The week’s shipping curtailment seems to have worked, but the outlook for a future program remains unclear with next weeks shipments estimated in doubt.
Washington Sept 19 The Farm Board has offered co operatives loans at 1 percent the lowest rate yet and as high as 3 percent for long term funding. The cheap money environment allows the treasury to borrow at low rates for government use, setting the automatic long term loan rate for co operatives. The average treasury borrowing cost hovers around two percent.
Boise Idaho Sept 19 By mid week the Idaho prune movement was near wind up Shippers estimate 700 to 800 cars will be shipped this week leaving 100 to 200 cars to move to close the 1930 deal Between 1200 and 1300 cars had rolled to market by Thursday night With about 100 cars daily moving total shipments likely around 1590 cars when next weeks night shipments finish
A description of The Produce Packer weekly paper dedicated to market and trade news for shippers and distributors of eggs poultry butter hides wool and furs with an offer to mail free sample copies upon request.
The Packer corrects a rumor that Leo Weinstein, a former vegetable jobber in debt, now runs Kay Produce Company. A new firm William H. Kay & Co Inc wholesale produce opened at 62 Gansevoort Street and denies Weinstein’s involvement. Kay says Weinstein was considered for a job but the deal did not go through.
Washington report from Sept 19 notes late onion crop will exceed last year and the five year average. Department of Agriculture says prospective late domestic onion production remains about the same as Aug 1. Forecast is 19,271,000 bushels based on Sept 1 conditions, up about 6 percent from 1929 and 25 percent above average.
Plant City Fla Sept 19 Accord to Plant City Courier G A Carey Inc has purchased the goodwill trade marks citrus machinery equipment orange field crates ladders of E W Wiggins and E W Wiggins Company and will continue the business as E W Wiggins Company R M Morgan named manager with operations in citrus vegetables and strawberries and future packing houses in Plant City and Limona. strawberry work to be handled from a Plant City plant with pony refrigerator and solid car shipments Offices to be in the Lee building The Wiggins business will be under Carey Inc direction though announced to operate separately from other Carey connections The development follows reports that F R Wiggins Company had purchased the Wiggins strawberry line and suggests both Wiggins entities will pursue strawberry packing this year.
No reports of deep frosts harming Red River Valley potatoes. Light frosts occurred in the northern valley but did not kill growth. vines and tubers are in green condition as digging begins. Harvest expected to broaden next week with about 20 cars daily moving out. prices range from 1.25 to 1.35 per cwt bulk and 1.60 to 1.70 fob sacked. A separate note: Parvin Schafer Company bankruptcy creditors hearing held, adjourned to next Monday.
A concise report outlines various influences shaping this year's potato market. It notes weather, yield expectations, supply chain effects, and price movements, with emphasis on regional production and policy considerations impacting growers and buyers.
Government estimates place this year's potato yield at 239,278,000 bushels, about 20,000,000 less than last year. The report shows declines in late-crop states but gains in western and mountain states, with prices seen as possibly stable rather than markedly low or high.
Sacramento dispatch reports Frank B. McKevitt a pioneer fruit grower and industry figure died at his Sacramento home aged 71. Born March 3, 1869 in Truxton New York he came to California in 1877 and helped develop Vacaville Winters and Exeter citrus operations. He led the Vacaville Branch Fruit Union and later the California Fruit Distributors pathfinding pre refrigeration era. He leaves a widow two sons and two daughters and was connected to the McKevitt cling peach name through his father Alexander McKevitt.
Vicksburg Mississippi reports the first car of the fall tomato crop was shipped last week, with several more cars expected to move from the city as the season opens. This marks a milestone in Mississippi's harvest, highlighting the state’s growing produce exports and local agricultural activity.
Winnipeg report notes demoralized markets push growers to sell outside the Pool. Members face five year contracts with Sapiro Iren clad terms and 26c per bushel liquidated damages. Courts increasingly used to enforce agreements as growers seek cash now.
New York and California Cochran firms are distinct entities. The San Francisco Nevada corporation Robert T. Cochran & Co., Inc. filed bankruptcy schedules showing liabilities of 66838 and assets of 100000 as liquidation continues. The New York firm denies any connection and remains active and unaffected by western troubles.
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