MARKETING NEWS 



(Continued from pages 10 & 11) 



GRAIN 



tive at every opportunity. Mr. & Mrs. Heck- 

 ens are the managers of these two elevators. 



il, 1939, Illinois Grain Corporation had a 

 net earning of $20, 2i 1.80. 



man in the state. He had room in his pocket, 

 however, for his share of the latest money. 



Tlscola Cooperative Grain Company, 

 at its annual meeting on November 7. de- 

 clared a 6 percent dividend on preferred stock 

 and paid l^c per bushel patronage. Net in- 

 come was $4,180. Grain totaling 611,958 

 bushels was handled since the close of the 

 fiscal year, August 31. Manager Harry Car- 

 rell, reported that approximately 300,000 

 bushels of the 1939 soybean crop had been 

 handled. Adrian Phillips, Robert Wright 

 and George Rahn were elected directors. Dr. 

 L. J. Norton, University of Illinois, gave 

 the principal address. 



A Fall conference of extension workers 

 look all farm advisers to Urbana November 

 7 to 11. Keeping abreast of the latest and 

 best in your line of work is a sign of growth 

 and intelligence. Any axe that fulfills its 

 mission and is worth havin" around must 

 occasionally go to the grindstone. 



While the Steward Cooperative Grain 

 Company is laid up for repairs, the Lee 

 County Grain Association h handling 

 grain at that point. 



Cooperative marketing implies that the 

 members are one for all and all for one and 

 that the principle of the golden rule a-id fair- 

 ness will prevail at all times. That's why 

 there is so much room for improvement in 

 the field of cooperative endeavor. 



Russell Maddock, manager of Cham- 

 paign County Grain Association, says in 

 spite of very little grain movement for sev- 

 eral months during the year, he will have a 

 good report for the year as a whole to be 

 made at the annual meeting of the company 

 on November 28. 



This has been a season of "upsets" and we 

 are not speaking of football where the term 

 would also apply. To be specific, it's the 

 soybean. Early in the season many farmers 

 sold beans for 60c or less per bushel. Be- 

 fore beans were harvested some farmers re- 

 ceived as much as 85c per bushel. 



.Dr. L. J. Norton, U. of 111. economist, re- 

 cently commented as follows: "A basic rea- 

 son for increased foreign demand and higher 

 prices is that beans were cheaper in North 

 America than in Asia. Europe had the al- 

 ternative of buying soybeans in Manchuria 

 (northwest corner of China) or Chicago and 

 beans were cheaper in Chicago and the dis- 

 tance less (a shorter haul). This new de- 

 mand helped off-set the larger crop. Don't 

 get your eyes so glued to supply that you 

 forget about demand." 



I. W. Larrick, manager of Stonington 

 Cooperative Grain Company said that 

 after farmers got through cribbing soybeans 

 along in November and had time to think it 

 over and observe prices, they realized they 

 had equity in their wheat over and above the 

 sealed loan value. He was, therefore, doing 

 a little business in handling warehouse re- 

 ceipts for patrons closing out their loan. 



Potttiac Farmers Grain Company recently 

 completed the installation of a new 2i-ton 

 scale with concrete top. Manager Benscoter 

 says it's just the thing. 



For the four months period ending October 



The practice of the Farmers Elevator 

 Company of Ransom in bringing together the 

 young men of the community for a luncheon 

 program is one of the bright spots of the 

 year. Elevator activities are reviewed. This 

 annual meeting aids in keeping up interest 

 and morale of patrons and potential patrons. 

 A great deal of the credit for the success of 

 this affair should go to the genial and hard 

 working manager, Walter Wellman, who has 

 the saving grace of a sense of humor which 

 appeals to young farmers, eight to 80. 



PEORIA — John Brandt, president of 

 Land O'Lakes Creameries, Minneapolis, will 

 be the principal speaker at the annual meet- 

 ing of the Producers Creamery of Peoria, 

 Dec. 14, in the Peoria American Legion hall. 



CREAM 



(Continued from page 11) 

 when he produced the largest percentage of 

 increase in volume of any Producers sales- 



Help! Help! Peoria Producers Cream- 

 ery salesmen are out to win the first prize 

 of $30 offered by Illinois Producers Cream- 

 eries for the member creamery increasing its 

 volume most in November and December over 

 the same months of a year ago. Second prize 

 is $20. "If each of our patrons will bring 

 in one new patron the glory of winning is 

 in the bag," says Manager Herb Johnson. 



Oyster suppers are in full swing for pa- 

 (Continued on page 16) 



ILLINOIS MILK PRODUCERS' ASSOCIATION 



WiUred Shaw. Secretory 



1939, MILE PRICES i 



3.5% Paid by Member Associations to Producers ] 



PHELIMINAHY REPORT j 



e 1-5-5 =^8_ 



< <nZ Ua! ua, ua: u£ <a. cdQ »£. 



Bloomington (1) 1.54 3.9 lOc 



Canton 70.02 1.85 1.30 1,69 30 10c 



Champaign (2) 1.53 3.0 lie 



Chicago (*) 



Danville (3) 1.40 8-lOc 



Decatur (•) 1 



DeKalb (*) 



Freeport 66.00 1.80 1.27 1.62 4.0 lie 



Galesburg (4) 1.58 3.7 12c 



Harrisburg 69.00 1.90 1.295 .945 1.64 2.0 12c 



Jacksonville 97.60 1.23 3.5 lie 



Kewanee 80.00 1.72 I.I6 I.6I 4.0 10-12c 



LaSalle-Peru (*) 



Moline (5) • 1.72 3.0 lie 



Peoria-D (6) I.94 3.5 ll-12c 



Peoria-M (7) 1.94 3.5 ll-12c 



Pontiac 95.00 1.73 10c 



Quincy 47.00 1.81 1.58 1.12 1.50 3.0 10c 



Rockford 55.00 1.93 1.42 1.70 4.0 10c 



Springfield-D 95.00 1.65 1.33 1.63 12c 



Springfield-M (*) 



St. Louis (8) 79.20 2.20 1.44 2.00 3.0 12c 



Streator (9) 2.00 1.20 4.0 lie 



SEPTEMBER PRICES NOT INCLUDED IN PREVIOUS REPORT 



Chicago (10) 1.79 4.0 10-12c 



Springfield-D 86.00 1.65 1.29 I.60 12c 



Springfield-M 88.00 1.50 1.25 1.48 4.0 12c 



(•) Reports not received in time to be included in this report. 



(1) Class percentages and prices: Class I 62.94% @ 11.65, Class II 32.20% @ $1.37, Class 

 HI 4.84% @ $1.18, Class IV .02% @ $0.99. Base price 11.60 per cwt. 



(2) Class percentages and prices: Class I 51% ® J1.79. Class II 15% @ Jl.42, Class III 

 2"7<j @ 11.25, Class IV 7% ® $0 97. Base price $1.71 per cwt. Surplus price $1.21 per cwt. 



(3) Flat price of $1.40 per cwt. for all milk received. 



(4) Flat price for all milk. An additional premium was paid on milk gradiiig "A". 



(5) Class percentages and prices: Class I 47% @ $2,10, Class II 15% @ $1.39, Class III 

 27% @ $1.34. Class IV 11% @ $1,24. Base price $1.90 per cwt. Surplus price $1,16 per cwt, 



(6) The average weighted price quoted of $1,94 per cwt. was the gross price paid for all milk 

 received from producers who are in compliance with the Peoria Milk Ordinance. 



(7) The average weighted price Quoted of $1.94 was the gross price received for all milk sold 

 to dealers received from producers in compliance with the Peoria Milk Ordinance. 



(8) All prices quoted are f.o.b, St, Louis, Country plant prices would be 20c per cwt. lower 

 than those quoted. 



(9) Class percentages and average weighted price were not received. 



(10) The Chicago prices as reported by Pure Milk Association are those reported by the Market 

 Administrator for September, namely: Class I 60.14% (within marketing area 52.63%, 

 outside marketing area 7.51%); Class I prices in marketing area $1,992; outside area (aver- 

 age) $1,855. Class II 35.87% @ $1,612, Class III 3,99% (Evaporated or condensed ,09%: 

 other manufactured products 3,9%). Class III prices $1,292 and $1,152 respectively. All 

 prices quoted are those f.o,b, 70 mile zone. To obtain f.o.b. Chicago prices add approxi- 

 mately 27c per cwt. to all prices. 



Condensery Code Price $1,344 92 Score Butter — Chicago $0,284 , . 



Average Fluid E.N.C. States 1.94 90 Score Butter — Chicago 0.26M | 



12 



L A. A. RECORD 



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