Chicago Board of Trade
Study Issued by USDA
Traders in commodity futures
contracts on the Chicago Board of
Trade, during a 19-day survey
period in 1972, paid over $4.3
million in commissions to
members of the Board. The 64-
page survey report is the first of
its kind by the Commodity Ex
change Authority (CEA), U.S.
Department of Agriculture
(USDA).
Traders who were not Board
members did 21 percent of the
trading volume during the 19-day
period but paid about 69 percent
of the commissions collected.
Based on actual trading
volume in 1971 and 1972, and
using the same commodity and
rate distributions as in the survey
period,, futures trading on the
Board produced an estimated $69
and $7B million in commissions in
1971 and 1972, respectively.
In 1972 over 9 6 million futures
WHITE WASHING
with
DAIRY WHITE
- Di ies White
Does Not Huh Off
No Wet Floors
Is Compatible With Disinfectant
MAYNARD L. BEITZEL
Witmer. Pa 392-7227
HIGH PRESSURE
WASHING
OF POULTRY HOUSES AND VEAL PENS
BARRY L. HERR
1744 Pioneer Road, Lancaster, Pa.
Phone 717-464-2044
Formerly operated by Maynard L. Beitzel
LIMING PAYS aii BAKER’S
LIMESTONE
MIS Iff
Ini!
Liming pays off in healthier soil,
better crops, stronger and more
productive animals. In fact, it has
been estimated that each $1 in
vested in limestone returns from $3
to $lO in bigger and better yields.
Baker’s agricultural limestone pays
off best because it does more. It
sweetens soil to reduce acidity and
raise pH level, and it also adds vital
magnesium. Both are important to
make sure that your crops can make
full use of the fertilizers you apply.
Take care of your land, and your
land will take care of you. Choose
the brand of Baker’s agricultural
limestone that meets your needs.
Conestoga Valley balanced
limestone from our Ephrata quarry
Prime lime dolomite
limestone from our Gap quarry
Hy Mag limestone from
our Paradise quarry.
F. H. BUCHER
Rothsville-626-6504
LESTER M. WEAVER
New Holland - 354-5477
CHEM GRO FERTILIZER
East Petersburg - 569-3296
GERMAN FEED MILL
Denver - 267-5585
HEISTAND BROS.
Elizabethtown - 367-1504
henry b. hoover
Ephrata -733-6593
Products of The J. E. Baker Co
Call collect—(7l7) 354-4202
contracts worth more than $123
billion were traded on the Board.
This was about 53 percent of the
Nation’s total. The Board is not
only the largest commodity
exchange in the United States,
but the exclusive futures market
for soybean meal, soybean oil,
and iced broilers. It also does
most of the trading in corn, oats,
soybeans and plywood, and a
major share of the trading in
wheat futures.
The commodity futures
brokerage business on the Board
is not very concentrated, CEA
said. The four largest firms did 21
percent of the trading volume in
the survey period, with eight
firms performing 33 percent, and
the 20 largest companies
responsible for 55 percent.
A copy of “Trading in Com
modity Futres Contracts on the
Chicago Board of Trade-A Study
Magnesium
Oxide
Calcium
Oxide
Forestry Incentive
Program Authorized
The Forest Service, U. S.
Department of Agriculture, said
it is dropping user fees for most
family campgrounds and boat
launching ramps as a result of
new legislation passed by
Congress.
The new law, an amendment to
the Land and Water Conservation
Fund Act, describes the facilities
necessary before fees can be
charged. It applies to day use
areas as well as campgrounds
and applies to all Federal
agencies concerned with
management of recreation
facilities.
John McGuire, Chief of the
Forest Service, said user fees had
been charged at 2,221 family
campgrounds within the National
Forest System. Under the new
law, fees will be charged at about
30 campgrounds. Fees have been
charged at 99 boat launching
ramps but the new legislation will
eliminate charges at practically
all of these.
The fees had been charged
under previous legislation passed
by Congress.
The new law states that a fee
cannot be charged for boat
launching unless mechanical or
hydraulic equipment is available.
Other day use areas for which
fees cannot be charged include
picnic areas, drinking water,
wayside exhibits, roads, trails,
overlook sites, visitors’ centers,
scenic drives, and toilet facilities.
The law prohibits chargmg for
campgrounds which do not have
flush toilets, showers reasonably
available, sanitary disposal
of the Sources and Distributions
of Volume of Trading and
Commission Income,” is
available free on postcard
request from the Office of
Communication, U. S. Depart
ment of Agriculture, Washington,
D. C. 20250.
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stations reasonably available,
visitor protection control, access
and circulatory roads,
designated tent or trailer spaces,
refuse containers and portable
water.
McGuire said the Forest
Service took immediate action to
comply with the new law and that
charges are being dropped at all
areas which do not meet the new
CHARLES E. SAUDER
&SONS
R D 1, East Earl
STEVENS FEED MILL.
PARADISE SUPPLY
Paradise
ROW l/S FEED SER\ ICE
HD? Poach Bottom
(.Rl BR SI Pl‘i N CO
Kli/aholhiow n
Lancaster Farming, Saturday, August 18,1973
lIERSHEY BROS,
Reinholds
WHITE OAK MILL
R D 4, Manheim
INC.
Stevens Pa
criteria. The resultant decrease
in collections is estimated at $5
million annually. This money
would have been used to improve,
expand, and manage recreation
facilities.
The new legislation has no
effect on the Golden Eagle
Passport which provides en
trance to National Parks and
National Recreation Areas.
The National Rifle Asso
ciation of America has se
lected a 30,000 acre spread in
New Mexico as a National
Shooting Center.
H.M. STAUFFER
& SONS. INC.
Witmer
JE’MAR FARM
SUPPLY INC.
Lawn—Ph 964-3444
ROHRER’S MILL
R D 1. Ronks
HAROLD II GOOD
Terre Hill
MOUNTVILLE
FEED SERVICE
P D 2, Columbia
DUTCHMAN FEED
MILLS. INC
RIM, Stevens
17