Com to get new delivery site
WASHINGTON - The
Commodity Futures Trading
Commission recently an
nounced approval of a
proposal by the Chicago
Board of Trade to establish
new delivery points for Corn
under its futures contracts.
The Board of Trade’s corn
contact presently has
Chicago as its sole delivery
point. The Commission
approved a rule change to
permit delivery at
warehouses located with the
Toledo, Ohio, switching
district or the St. Louis, Mo.;
East St. Louis, 111.; and
Alton, HI,, switching district.
The Exchange will apply
differentials of 4 cents per
bushel discount for com
delivery at both Toledo and
St. Louis.
The CFTC determined not
to proceed with the Chicago
FISHER SPRAT PAINTERS
(Henry K. Fisher)
SANDBLASTING and
SPRAY PAINTING
INTERIOR and EXTERIOR
Aerial Ladder Equipment
Office & Shop - 667 Hartman Station Rd.
Residence - 2322 Old Philadelphia Pike
Lancaster, Penna
For FREE Estimates Call 717-393-6530
QWill pull-type Superpicker let me
bring my corn in any way I like?
QUESTION
Yes, with 2-row Superpicker you
can husk, shell or grind in wide
or narrow row corn.
jgr'f
ANSWER
The versatile 2-iow Supeipickei has mtei changeable
processing units that husk, shell 01 gnnd—on the go
Corn the way you want it See Supeipicker—
the really veisatile corn
hai vesting sv stem
f. 12-roll
Cigt-Type Field '* husKlngunlt fM
Sheller Grinder • _r ° 1 ' Ljf
hUskin9 j~j
SUPERSHELLER £ m
There’s a good idea behind every New Idea!
A. LHERR&BRO
Quarryville
717-786 3521
ROY H BUCK, INC.
Ephrata, R D 2
717-859-2441
STOLT2FUS FARM SERVICE A.B.C GROFF, INC.
Cochranvllle, Pa New Holland
215-593-5280 717-354-4191
Board of Trade’s proposal
for additional delivery points
for soybeans with the un
derstanding that the CBOT
intends to withdraw its
application.
"The Commission ap
proved the additional com
delivery points to forestall
the possibility of price
manipulation, market
congestion or abnormal
movement of com due to
inadequate delivery
capacity for the com con
tracts on the Chicago Board
of Trade," said CFTC
Chairman William T.
Bagley.
“There is a danger of
congestion and manipulation
if the com contract continues
to be traded with Chicago as
the only delivery point,’’
Chairman Bagley said. “The
public interest is served by
LONGENECKER FARM SUPPLY
Rheems
717-367-3590
CHAS. J. McCOMSEY & SONS
Hickory Hill Pa
215-932-2615
the Board of Trade proposal,
which will be applied to 1976
corn crop contract. It is both
the quickest available
remedy and the least anti
competitive alternative. It
will have the effect of
significantly increasing
deliverable supplies for
corn.”
The Commission was
faced with the alternatives of
lengthy hearings, which
would have forced the
postponement of the new
rule, or making the deter
mination quickly so that the
rule could be in effect for
futures contracts for the new
crop year, which will go on
the board within weeks.
The Commission noted
that, due to the urgency of
the matter, it did not have
sufficient time to conduct in
depth public hearings on the
proposed rule changes but
added that it planned to
“actively and aggressively”
review the delivery points
BARBER OIL CO.
(temco)
Fuel Chief
HEATING OIL
A Oil KEATING EQUIPMENT
AIR CONDITIONING
MOUNT JOY. PA
Ph.iyu-isii
jj
N.G HERSHEY A SON
Manheim
717-665-2271
LANDIS BROS., INC
Lancaster
717—393 3906
M. S. YEARSLEY
&SONS
West Chester
215-696 2990
New 25-year members of Inter- Mr. and Mrs. Harold Umble; Mr. and
State Milk Producers honored this Mrs. Marvin Hershey; and Mr. and
week at the annual dinner meeting at Mrs. Lester Landis.
Witmer were in pairs, left to right:
issue in the forthcoming
months.
The Commission, in ad
dition to its regularly
designated procedures for
studying market rule
changes, has established an
Advisory Committee on the
Economic Role of Contract
Markets. Among the
Committee’s responsibilities
will be a thorough study of
the delivery points matter
for all markets, including
com and soybeans.
The Board of Trade sub
mitted its plan for expanding
the number of delivery
points to the Commission on
August 28, 1975.
CONTINUOUS FLOW GRAIN DRYER
From the manufacturer of the world's largest
selling recirculating batch grain dryers:
MORE CAPACITY rxCPLLFHT MITIIILITT
FOR LESS MONEY EXCELLENT PuRTAIILITT
SIMPLE RUGGED TROUBLE SIMCLE PHASE STANDARD
EPEE CONTROLS “" /U TftREE PHASE OPTIONAL
For more information call or write;
A. C. HEISEY
FARM EQUIPMENT INC
ROl, Jonestown, Pa. 17038 Phone 717-865-4526
Located 1 h mile South of Fredericksburg off Route 343
Lancaster Farming, Saturday, Oct 4,1975
Pa. 4-H members
More than seven million 4-
Hers, their leaders and
parents will take part in
celebrating National 4-H
week Oct. 5-11. With the
theme “Spirit of Tom
morrow” the celebration will
center around the bicen
tennial with an annual salute
to the head, heart, hands and
health program.
As in the past years, the 4-
Hers are planning special
recognition events, service
projects and recruitment
drives in their local com-
act true continu-
Iryer is equipped
inch axial heat
id a 24 inch cool
m. The burner
ity has a max-
out put of 3,000,
ITU’s. Single
i electric motors
landard or three
available as op- ■
luipment. Safety
included are
mperalure, flame
power failure, fan
and fuel supply.
PROVEN LOVER
ORTINB CIISTS
munities, counties, and
states.
National 4-H Week is
proclaimed annually by the
cooperative extension
service which conducts the 4-
H program in all 50 states
and the District of Columbia,
Puerto Rico, Guam and the
Virgin Islands.
Although the majority of 4-
H members still live on
farms, an increasing
number are coming from
the urban and suburban
areas.
Special projects to meet
the changing needs of the
program have developed
rapidly over the past three
years. Projects from
macrame to rocketry have
now joined the ranks with the
every popular sewing and
livestock projects.
Lancaster County’s 4-Hers
will be honoring their
leaders at a special banquet
planned for Thursday
evening at the Farm and
Home Center.
4-Hers from Lancaster
Farming’s prime coverage
area tell their stories of 4-H
work in the second section of
this week’s edition.
Helping youth in a
volunteer capacity is as
traditionally American as
apple pie. If you can spend
an hour or two a week to help
build a better America by
serving as a volunteer 4-H
leader, see your county
Extension agent.
4-H alumni (enrolled
participants in 4-H since its
inception) now total over
33% million.
13