'Farming,-
16—]
Futures Trading
Volume Breaks
Previous Record
Volume of trading in agri
cultural commodities on regu
lated futures markets advanced
to a new record in the fiscal
year ended June 30, 1967.
This was reported recently
by the U. S. Department of Ag
riculture in its release of fiscal
year data from the Commod-iy
Exchange Authority.
For the fifth successive year,
commodity trading exceeded
(be- record set in each of the
previous years, CEA said. Fu
tures trading in the 15 com
modities regulated by the agen
cy in fiscal 1967 increased 17
percent to 16.9 million trans
actions, valued at $75 billion.
Corn was the commodity
leader in fiscal 1967 futures
markets. Volume traded —l3
billion bushels was more
than double that of the previ
ous year, and was the larg
est on record. Virtually all
of the corn trading was on
the Chicago Board of Trade.
CEA Admin strator Alex C.
Caldwell said the spectacular
increase in co n was the result
of a oombinaion of unprece
dented hedging and speculation
in that grain during the year.
Open contracts -in com climbed
to an ahtime -high of 423 mil
lion bushels in November 1966
In wheat futures, volume of
trading on all markets 'last year
Farm Chemical
Effects Studied
The University of California,
Los Angeles, will study the
taste and nutritive value of
fruits and vegetables as affect
ed by commercial treatments
with fumigants and fungicides
under a $117,029 contract with
the U.S. Department of Agri
culture.
The 28-month contract is
sponsored by the Agricultural
Research Service.
Fumigants are applied to the
soil, mainly to control nema
todes —which would otherwise
destroy an estimated 10 per
cent of the annual crop produc
tion in the United States.
Sweetpotatoes, pineapples, and
strawberries are particularly
susceptible, and entire crops
can be wiped out in infected
areas.
Fungicides are used by grow
ers on control molding and
rotting.
These chemical treatments,
besides controlling plant ene
mies, may alter the available
soil nutrients and metabolism
of the plant. Chemical treat
ments, therefore, could affect
not only the growth and yield
of crops, but also their palata
bility, quality, and nutritive
value
UCLA scientists will check
carbohydrates, proteins, amino
acids, lipids, minerals, and vi
tamins in selected fruits and
vegetables grown in commer
cial vegetable farms and or
chards with and without ac
cepted fumigant and fungicide
treatments A variety of crops
and chemical treatments will
be studied, but only those
treatments cleared for regular
commercial use will be includ
ed. Later, taste panels will
check the color, flavor, and tex
ture of the fruits and vege
tables under study.
Dr. Gladys Emerson, a nu
tritionist and biochemist in the
School of Public Health at
UCLA, will be principal in
vestigator. Dr. Gerald G. Dull,
a biochemist with ARS, will
coordinate the study.
DID YOU KNOW From
1860 - 1870 Pennsylvania was
(be nation's leading timber
July 29,1967
was 10.4 billion bushels al
most 75 percent larger than
the trading of the previous
year. Of this total, 8.9 billion
bushels were traded on the Chi
cago Board of Trade. Wheat
volume on the Kansas City
Board of Trade set a new rec
ord for that market at 1.1 bil
lion bushels the largest vol
ume since 1929-30.
Soybeans, the leader in re
cent years, declined in volume
to 9.5 billion bushels, but rank
ed in third position among reg
ulated commodities traded in
1966-67.
Other grains with increased
volume of trading during fiscal
1967 were oats and grain sor
ghums. Rye volume was sub
We asked the John Evans family,
who converted to total electric living:
it as low-cost as we promised?
Is
Their answer;
Yes!
last year for everything,
including electric heating!
This low cost also included electric water
heating, cooking, laundering, lighting, and
all their other electric services.
That’s why we say, to make a true
comparison of the total costs of home
heat and operating all your work-saving
appliances, you must add together all
costs.
With total electric living, for instance,
there’s just one service, one bill and no
expensive maintenance contracts. But to
get the true cost of flame-type heat, you
must-add together the fuel bill, the-elec-
staitfaiHy loww tbm in
vious year.
Potato trading on the New
York Mercantile Exchange
reached a record of 702,460 caa>
lots during fiscal 1967, exceed
ing 'the previous record of 602,-
521 carlots two years ago.
Another record breaker was
the soybean meal market at
Chicago, where trading volume
reached 42,317,800 ton® and ex
ceeded the 1965-66 record by
12 percent
Trading activity in the cot
tonseed oil market receded to
3,689 contracts, down more
than half the volume of the
previous year. Soybean oil vol
ume of 429,746 contracts hu fis
cal 1967 reflected a lesser de
cline, down 27 percent from
fiscal 1966.
total-electr
We paid
Among the fibers, atton mi activity; Trading in bw
wool tops Showed aWglhit up- - light,
turns while wool declined In A* the fiscal year-end
volume by nearly tint of the activity in regulated coi
previous year, ties was continuing at
In eggs there was decreased stantial pace.-
CUSTOM SPRAYING
HIGH PRESSURE WASHING
and
DISINFECTING
in all types of poultry houses.
MAYNARD L. BEITZEL
Witmer, P». Phone 392-71
Mrs.
just $22.07 a month
trie bill and the service-contract. PaG
them all together and you’ll see why w«
say live the total electric way as th®
Evans family does.
IF YOU ARE BUILDING—be sure to
tell your builder you want to be modern,
you want the best, you want electmkeak
IF YOU ARE REMODELING call a
Reddy Kilowatt Recommended Elsctrid
Home Heating Dealer for an estimate.
He is listed in the Yellow Pages-under
"Heating Contractors."
✓
A* > * %
■'4 .
'V
t*
»hn Evans, Willow Street*
PP»L
AN INVESTOR OWNEt *
ELECTRIC UTILITY /
W THE SERVICE Vj
• F THE RtfRLIC |
liter
trading
ICQ!
s> , s< , *44 5
v r