CBTrep
(Continued from Page C 24)
the Board in 1859, as a non-profit,
self-regulated association run by
the membership of just over 1400.
But the integrity of the marketing
group was well-recognized and the
Board was asked to develop
quantity and quality standards
that would be upheld by mspectm
procedures. Their standard bushel
measurement is still m use today.
When the Ilhnois-Michigan canal
opened for shipping, gram soon
developed as a big business, since
Eastern markets were more
readily accessible. Chicago
rapidly took the lead as the major
American gram trading center and
‘river” merchants constructed
storage facihtes on the water
fronts.
Buying gram at harvest and
holding it for some future hoped
for sale was quite a risk .and the
middleman merchants began
experimenting with arrangements
for buyers to take delivery at a
later date. Today, this “forward
contractmg”L is an integral part
of the gram marketing industry.
That first forward contract,
according to Moens, was arranged
in 1851, on 3000 bushels of gram, to
Asgrow claimed
better beans.
Consistently higher yields.
I got'em!
1973 PENN STATE SOYBEAN PERFORMANCE TRIALS
Centre Co. Northampton Co.
Asgrow A 3127 73.4bu/acre*
Beeson
Elf
Cumberland 69.6 bu/acre
Williams
* Ist highest yielder in trial
* * 2nd high yield (No. 1 was Asgrow A 2575 at 76.9 b la)
Note: see P.S.U. Agronomy bulletin 63 for more detail
1980 QUOTES:
WALTER WAGONER. EASTON PA - “We had 100 acres of Asgrow
A 3127 - averaged 34 bu/acre - well above average yield for soybean
in our area”
BILL BACHENBERG. PITTSTOWN NJ - “Asgrow A 3127 - topped my
plot under extremely dry conditions - had 3 5 bu more than
Williams ”
CHARLES TROUT. YORK COUNTY PA - “In my own drilled bean plots
Asgrow A 3127 yielded 46.1 bu/acre - Williams 43 8 bu/a and Wood
worth 42.5 bu/a ’’
Special Note Dr Roy Flannery of Rutgers University, New Jersey in a
soybean yield study compared Asgrow A 3127 and ELF in a test of
variety, plant population, irrigation, macronutrients & Micronutrients
on soybean yields
RESULTS - Asgrow A 3127 had a 94 bushel yield under irrigation Also
Asgrow A 3127 exceeded 80 bushels to acre in 15 treatments while Elf
exceeded 80 bushels an acre on 7 treatments
Note See 1980 results from Rutgers University, New Brunswick, NJ
be sold for a cent per bushel under
the future March price. Now that
merchants could guarantee sales
for their stored gram, lenders
more willingly extended credit for
operatmg and expansion.
Forward contracting, however,
was not without its occasional
problems. Moens says that stones
abound of contract defaults and of
sellers who resorted to delivering
their congraded grains with a
shotgun for a reminder.
Since shotgun marketing was not
only illegal, but dangerous as well,
marketers began demanding
“performance bonds” by both the
buyer and seller. Soon speculators
arrived on the gram market scene,
buying up contracts, selling, then
buying and reselling agam, until
the ongmal seller lost track of
where he was to ultimately deliver
the goods.
So m 1925, the Clearmg Cor
poration was formed, to hold the
performance bonds an keep
detailed records of all states. With
a current membership of 144 firms,
the Clearmg Corporation still
performs that service, charting the
intricate trading among hundreds
of buyers and sellers. To the credit
of the founders, the market
clearinghouse has never once
defaulted on a futures payment.
62.1 bu/acre
LOUISVILLE, KY - Dairy
fanners and others in the dairy
industry will learn how stray
voltage in milking centers ad
versely affect the performance of
cows and what they can do about it
at the annual meeting of the
National Mastitis Council in
Louisville, Ky., February 16
through 18.
Site of the meeting is the
Executive Inn, Watterson Ex
pressway
Specific subjects will include,
symptoms to watch for in cows,
Following his background
presentation on the Board of
Trade, Moens briefed the corn
growers on some basic principles
of the futures markets and hedging
grain sales. Included were ex
planations of some of the intricate
market terminology and a bit of
classroom-type problems of
hedging, using printed material
and charts.—Jß
67.2 bu/a**
51.6 bu/a
51.5 bu/a
56.7 bu/a
60.1 bu/a
Mastitis council
study stray voltage
to
asgrow
NEW DEALER
J WALTER ROOK
Bucks Co PA
215 357 3018
READING BONE
FERT CO
Berks Leb Lane
215 375 4454
FORMANS GRAIN
4 FERT
Northumberland Co
717 649-5579
NEW DEALER
JOHNSON’S MILL
Lightstreet, PA
717 784 5513
NEW DEALER
CURTIS NICE
Telford, PA
215 723 7176
NEW DEALER
ALLEN WEAVER
PortTrevorton PA
717 539 8482
CHARLESA TROUT
Southern York Co
717 993 2815
BOYD’S SEED
CENTER
Lebanon, PA
717 993 2815
H B SESINGER
Lewisburg, PA
717 524 4024
ROLANDFEEG
Leb Berks
215 589 5227
GORDON GRUBER
Kutztown, PA
215 683 3958
WHITE HORSE
GRAIN CO
Chester Co PA
215 869 8201
or 215 932 3307
JOHN SHEARER. JR
Northern York Co PA
717 225 1469
Lancaster Farming, Saturday, February 7,1981—C27
economic losses, diagnosis and
corrective measures, voltage
tolerance levels, and proper in
stallation of equipment. A model of
a farm electrical distribution
system will be used tcjj pinpoint
trouble areas and way to eliminate
them
Members of the organization will
also be brought up to date on
genetic resistance and priorities m
mastitis research. Veterinarians
will have a special program
devoted to immunity,
mycoplasma, teat barrier and
therapy, while dairy fieldman,
sanitarians and extension per
sonnel will be concerned about
somatic cell count use, state
council function on the farm, and
managing problem herds.
The National Mastitis Council is
a nonprofit organization dedicated
to the betterment of udder health
of the nation’s dairy cattle.
Members who represent all
segments of the dairy industry
CONTACT
RAY A. LAYSER
32 Circle Drive
Meehan icsburg, PA 17055
I 717 766 0653
II No Answer Call
1 717 765 7608
GEORGE MASICH
Berwick, PA
717 759 2841
JIM LANDIS
East Greenville, PA
215-679 2682
JOHN ACKERMAN
Easton, PA
215 252 8828
HOSTETTER FARMS
Hanover, PA
717 632 0402
RICHARD KOCH
Tamaqua, PA
717 838 2862
GLENN CAUFFMAN
Millerstown PA
717 444 3232
HARVEY SUNDAY
Cumberland Co PA
717 766 9277
DONALD SLOTHOUR
Franklin Co PA
717 375 4376
WM SWIEGARD
Dauphin Co PA
717 766 9277
ORGANIC PLANT
FOOD
Lancaster Co , PA
717 397 5152
DEAN HARPER
Centre Co PA
814-237 3788
HARVEY KRALL
Annville, PA
717 838 2862
IVO OTTO
Carlisle, PA
717-243 3936
EVERETT WEISER
Adams Co PA
717 528 4763
LILLICH & SON
Abbottstown, PA
717 259 0916
work together m presenting timely
information at the annual meeting
and at a summer session held each
year. Educational materials
prepared by the organization serve
to make the latest accepted in
formation available to those who
need it most, dairymen
For additional information about
the council and the annual meeting
and program, contact John
Adams, National Mastitis Council,
30 F Street N.W., Washington, D.C.
20001 or (202/393-6607).
XIT’S M4GIC PHONE
How quickly 1 ') 717 354 3047
YooGetßcsults ' \ 0 r7 17-*26-HE4
V FromOot ) ■
NEW JERSEY
BILL BACHENBERG
North Jersey Area
201 735 4142
EARL TINDALL, INC
Trenton, NJ
609 587 5740
ALBERT ENGEL 111
Jobstown NJ
609 983 4404
1 L GARRISON
South Jersey
609 358 2655
ASGROW SEED CO
Vineland NJ
609 692 6218
MARYLAND
NORTH
CHENOWETH FARMS
Whitehall, MD
301 357 5020
J WILFRED RUNKLES
Monrovia, MD
301 865 5842
TRENTON MILL
FARMS
Upperco, MD
301 239-3225
JAMES WILTBANK
Galena MD
301 755 6719
PHIL ALBRECHT. JR
Glen Arm MD
301 592 8770
NANCY BAILEY
Westminster, MD
301 346 7019
; -A '"c
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widths
Polyethylene
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PH 717-768-8291 #
Intercourse, Pa
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