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THE NEWS 



nursery industry, trades options 

 and forward contracts on select 

 nursery material. Seattle was se- 

 lected for the exchange site be- 

 cause of the amount of nursery ma- 

 terial produced in the Pacific 

 Northwest; SME does, however, ac- 

 cept material from all growing re- 

 gions. Using a national network of 

 member brokerage offices, SME 

 trades contracts on a pool of nurs- 

 ery material supplied by various 

 growers. Orders to buy or sell con- 

 tracts are generated by the broker- 

 age firms that are linked directly to 

 the exchange's trading system in 

 Chicago. 



Seattle Mercantile Exchange can 

 offer advantages to nursery profes- 

 sionals. These may include: "help 

 in anticipating planning require- 

 ments; the ability to secure mate- 

 rial potentially below cash market; 

 allowances for gains on future 

 value; the capability to accommo- 

 date buyers' cash position; the 

 power to exceed cost plus returns; 

 price-risk management; potential 

 market liquidity; elimination of the 

 need to inventory material (carry- 

 ing charges); guaranteed quality 

 and grade of material; low cash re- 

 quirements to secure material 

 rights." 



"It's SME's and brokers' objec- 

 tive to educate the industry on 

 how to use it effectively," a SME 

 spokesman says. To assist in this 

 endeavor, which includes seminars 

 conducted by SME, John Wiley & 

 Son Publishing Company (known 

 for its books on finance, particu- 

 larly on stock and commodity trad- 

 ing), will release in fall, 1994, a 

 text on how to trade on the 

 exchange. 



Also, SME offers a comprehen- 

 sive supply of reference materials. 

 If you would like precise informa- 

 tion on exactly how the exchange 

 works and the name of the broker- 

 age firm in your area, telephone 1- 

 800-888-2028 and ask for a free 

 publication. Access to the Market — an 

 Introduction to Seattle Mercantile Ex- 

 change. 







Lo«9 since deserted — yet the Lilac blooms on. 



A Sampling of Science 



Presentations at the 

 1993 Annual Meeting of the 

 American Chestnot Foundation 

 (ACF) in Meadowview, Virginia 



(from The Bark, the newsletter of 

 the ACF, November/December, 

 1993) 



"...University of Georgia doctoral 

 candidate Dan Carroway presented 

 the results of genetic work under 

 the direction of Dr. Scott Merkle, 

 which is also partly funded by ACF. 

 They are devising a method for in- 

 troducing genes into chestnut cells 

 from which trees will be regener- 

 ated. The method of regenerating 

 trees is called somatic embryogen- 

 esis, whereby individual chestnut 

 cells cultured in test tubes are in- 

 duced to develop similar to the 

 way sexual embryos develop in 

 nuts. The test tube embryos are 

 called "somatic" because they do 

 not develop from cells involved 

 with sexual reproduction in flowers, 

 but from non-sexual, or "somatic" 

 tissue. ...these methods will be ex- 

 tremely valuable in researching the 

 genetics and molecular biology of 

 chestnut trees and may be useful 

 in developing pest-resistant trees, 

 if suitable genes are identified... 



"...in the meantime, selected F- 

 Is (1/2 American, 1/2 Chinese) have 

 been intercrossed to make F-2s, 

 and selected B-ls (3/4 American, 



1/4 Chinese) intercrossed to make 

 B-1/F-2S. The F-2s and B-i/F-2s are 

 being tested for blight resistance 

 at this time. Hebard announced 

 that preliminary results indicate 

 that some of the trees have high 

 levels of resistance and that resis- 

 tance is simply inherited, meaning 

 that this is controlled only by a 

 few genes (in this case, apparently 

 two). This is very encouraging 

 news. It indicates that the back- 

 cross breeding program will indeed 

 work...." 



The American Chestnut Foundation's sole 

 goal is to restore the American chestnut 

 through cooperative research and funding a 

 scientific breeding program For more infor- 

 mation, write to the ACF at PO Box 4044, 

 Bennington, VT 05201 The phone number 

 IS 802-447-01 10. 



New Address 



Nursery Supplies, Inc., supplier of 

 plastic nursery containers, has com- 

 pleted the relocation of its Eastern 

 operations to Chambersburg, PA. 

 The new 189,000 square-foot facility 

 is minutes away from Interstates 81 

 and 70, and less than a half hour 

 from the Pennsylvania Turnpike. 



The new address is Nursery 

 Supplies, Inc., 1415 Orchard Drive, 

 Chambersburg, PA 17201. The 

 phone number is (717) 263-7780; 

 fax, (717) 263-2412. The toll-free 

 number, 800-523-8972, remains 

 unchanged.^ 



12 



The Plantsman 



