A34—Lancaster Farming, Saturday, October 3,1981 Elevation daughter tops BV BETH HEMMINGER from surrounding counties. Staff Coorespondent Auctioneer, Ralph Horst, kept a Fifty-six Holsteins paraded fast pace as the bids came nodding across the sale ring Tuesday in evening to bring in a grand total of 177,730.00 at the annual Franklin As Lot No. 13 entered the sale and Cumberland County Holstein ring several bidders began vising Breeder Sale held at the Ship- f or title to this top cow, but John pensburg Fair Grounds. Stamy, HI of Mechanicsburg, As the first gavel sounded, the bought Amtrim-Sprmg Elevation sale tent quickly filled to capacity Nancy for $3,200, the top seller of with plenty of anxious bidders the sale. The 3-year-old cow was Farming’s Futures By David K. Sauder Commodity Advisor Trade Tech, Lancaster Since no price protection is available to fanners anywhere except through hedging, the futures market has become essential for survival. The major complaint of farmers has been that whenever someone has tried to explain the futures market, everyone has become more confused rather than in formed. Is a Futures Price a “Forecast”? It can certainly be considered a forecast m that it reflects what buyers and sellers expect the price to be in a given future month on the basis of currently-available in formation. (It stands to reason that if they expected higher prices, they would buy, thereby driving prices up. And if they expected lower prices, they would sell, thereby driving prices down.) Futures prices can thus provide a valuable tool for farmers and others in making advance plans concerning production, storage and marketing. Bear in mind, though, that futures prices are subject to rapid change as new supply-demand information becomes available, or as there are changes in the way information is interpreted. An improvement in the outlook for exports, for example, could lead to futures prices being revised up(- ward. Or a slackening in demand could lead to lower futures prices. Moreover, a futures price can be affected by the way buyers and sellers react to it. For example, if futures prices were particularly high or low, producers might react by increasing or decreasing production, thereby changing the price outlook. All of this not withstanding, futures prices are a useful guide to forward planning. Why Are There Different Futures Prices For Different Delivery Months? The principal reason is the cost of storing grain from one month to another. Gram is generally har vested within a span of a few weeks to a few months each year but only a small portion of it is actually Md. P. Hereford show, sale coming Oct. 10 FREDERICK, Md. The and cow/calf pairs. In addition Maryland Polled Hereford Maryland breeders will be making Association will sponsor its available an outstanding selection Eleventh Annual Red, White & of show steers. Blue Show and Sale on October 10, Judging will be done at 3 p.m. 1981 at the Frederick Fairgrounds, w hh the temale sale at 6:30 p.m. Frederick Maryland. Tlhe 50 graded steer calves will be The Association will use the sold immediately following, three judge system and has lined Those attending the sale will be up outstanding people to place the Hie Association’s guests tor entries. Robert Falk of Dunwalke cocktails at 4:30 p.m.; supper will Farm, N.J., Monte Soules, Ace be available at a nominal cost. Polled Herefords, N.Y. and John For additional information and Hudson Bolinva Farm, Va. catalogues interested persons may k ifty-nme head of cattle have ™ te to , Thel ™ been catalogued, consisting of Vlew open heifers, bred heifers, cows Md ’ ioB79,ol Lall 301/253-3092. needed at the tune oi harvest. The rest of it must be stored until , needed for feeding, processing, exporting or whatever. The expenses of storage known as “carrying charges” are normally reflected in futures prices for different delivery months. They include not only the» cost of the physical facilities in which gram is stored but also such costs as quality deterioration, insurance and interest on the in vested capital. Buyers are willing to pay a higher price for futures contracts calling for later-m-the-year delivery because it enables them to establish a firm price, for an assured supply without having to store the actual commodity. Consequently, futures prices for delivery within the same marketing year are normally stair-stepped upward from one delivery month to the next. As a practical matter, however, futures prices for the different delivery months don’t always reflect a full carrying charge. The price difference is seldom ever more than the full carrying charge, at least for any long period of time, because commodity traders are quick to capitalize on any carrying charge that is greater than the actual costs of storage. On the other hand, month to-month differences between successive futures contracts can be and frequently are less than a full carrying charge. This can occur for a variety of possible reasons: The willingness of elevator owners to store gram for their own accounts at less than the full published storage rate; the actions of traders who can speculate that a full carrying charge will narrow with very little risk of loss; or a particularly strong market demand for grain for immediate delivery. Send questions on futures trading to Farming’s Futures, Lancaster Farming Newspaper, Box 366, Lititz, PA 17543. Franklin, Cumberland Holstein Sale consigned by Harold Crider, Chambersburg. Nancy’s latest record included 11,924 pounds milk with 517 pounds fat, 4.30 percent test and a Good Plus - 82. The top seller is by Round Oak Rag Apple Elevation out of Puiey-Mar Design Nora. The second highest seller was Becks-Hill-View Tidy Fannie consigned by Jack Beck of Mer cersburg and bought by Dwame Breckbill, Chambersburg, for |2,950. Fannie is out of Lawcrest Marvex-Twm and Becks-Hill View Ida Fannie. She has an outstanding record for a 2-year-old with 14,905 pounds of milk and 455 pounds of fat and 3.00 percent test. Another daughter of Round Oak Rag Apple Elevation, Wit-Lane Elevation Tabby was a high seller in the sale. F. Glenn and Allen Peffer, Carlisle, bought Tabby for $2,500, making her the third-high seller. This 2-year-old made 11,279 pounds of milk with 474 lbs. fat and 4.20 percent test. The sale averaged $1,388 which WATER WAR RAGES Fellow Pennsylvanians: House bill 1483 isji dangerous infringement on the FREEDOM AND PROPERTY RIGHTS of all citizens of the Commonwealth. You should request a free copy from your representative. HB 1483 provides for another TAX on your right to drink water from your own well or spring. Page 40 line 10. HB 1483 confiscates your rights to all water on your own land. The bill says: The water resources of this Commonwealth are public natural resources held in trust by the Commonwealth for the benefit of alt the people. Page 7 line 18 Fellow American, that is right out of the Communist manifesto. That is the doctrine of HITLER-MARX-CASTRO-MA0...1T IS NOT PART OF THE BILL OF RIGHTS or of THE UNITED STATES CONSTITUTION. It is not the doctrine of WASHINGTON, JEFFERSON or WILLIAM PENN. While you read this sentence someone is dying trying to escape ,the tyranny proposed - for all Pennsylvanians by HB 1483. HB 1483 provides the right of EMINENT DOMAIN for not only a bureaucracy of the Commonwealth but for certain public utilities-the right to CONFISCATE the water from your well, even after you paid for a permit. Page 36 Line 1-17 HB 1483 provides, “duly authorized agents...are authorized at all reasonable times to enter and examine any property,” "The owner shall give the agents...free and unrestricted entry and access.” Page 42 lines 21-30. “Upon refusal to grant entry or access, the agent or employee may obtain a search warrant...” Page 43 lines 1-3. How does a search warrant work? State police gave the following account: Sunday at 10:30 a.m., members of the Troop obtained a search warrant to search the residence. Atll a.m. the warrant was served by 15 troopers aided by Twp. Police Chief. HB 1483 provides for the interconnection of YOUR well with others. Page 27 line 29. I am not suggesting that those members of the House who introduced HB 1483 are communists or communist agents. I am suggesting that they have not read the bill. I am suggesting that every member of the House examine the bill and the effects it will have on the FREEDOM of ALL PENNSYLVANIANS. The bill was introduced by: Bittle, Kowalyshyn, Geist, Lashinger, -H*ye, Burd, Gannuv Cessar, Cole, Cappabianca, Wass, Michlovic, Steighner, Stewart, Letterman, Greenwood, StkftJy' Kanuck, McCall, J.L. Wright, Snyder, Gruppo, Siemenski, Arty, Gladeck, Davies, Mawmillee, Boyes, Reber, Nahill, Swift, Burns, Belfanti, Rybak, W.W. Foster, Zwikl, Reiser, Moehlmann, Siriannf, Saurman, Cornell and Hagarty on June 2,1981. Rep. Bittle said, “Watson doesn’t understand the bill." Rep. Manmiller said, “Once other legislators realize the full implications of the proposed bill, I’m sure many of them will be withdrawing their names as sponsors.” Rep. Sirianni said, “My name was removed from HB 1483. As far as I am concerned, their (DER) regulations in the past have proven to be without common sense and I would not trust them to do a better job now." Rep. Noye, Majority Caucus Chairman said, "I have notified the Majority Leader to remove my name as a sponsor of HB 1483. After reviewing this bill, I have found that it is not in the best interests to the people of the Commonwealth.” Rep. Samuel E. Hayes, Jr., Majority Leader, in a note to Rep. Sirianni said, 'This is a bad bill. People would not have control over their own water. Good idea to have your name removed." Sobering thoughts for all Pennsylvanians. - NO ONE CAN SUPPORT THE CONSTITUTIONJVND THIS LEGISLATION. You are the most important soldier in this war. You MUST write your Representative, ask for a free copy of HB 1483, give him your opinion and ask for his. This battle is just beginning-gird up your loins. Sincerely, See Page B-15. included cows and calves. Cumberland County 4-H Dairy Calf Club kept all the hearty ap Stamy, 111 and son of Mechanicsburg. Nancy was the top seller of the Franklin and Cumberland Holstein Breeders Sale selling for $3,200. V) Andrew J. Watson 7051 Linglestown Road • Harrisburg, Pennsylvania 17112 717-545-7005 petities filled with a food stand ot\ homebaked pies, cakes, soup and sandwiches. Re: House bill #1483 Printer’s #1723 9
Significant historical Pennsylvania newspapers