inois Grain Signs 



160+h Elevator 



160 



The Illinois Grain Corp. recently 

 signed up its 160th member elevator. 

 Members of the Corporation now 

 handle approximately 29,000,000 



bushels of grain 

 annually. The Illi- 

 nois regional 

 ranks close to the 

 top, if not first, in 

 volume of grain delivered by stock- 

 holders of the Farmers National Grain 

 Corporation. 



Illinois Grain recently paid a pat- 

 ■■/: ronage dividend of more than §24,000 

 to elevators which were members dur- 

 ing the year 1933. Letters acknowledg- 

 ing receipt of the patronage dividends 

 were received by Illinois Grain Corp. 

 . from a number of elevator members 

 . of which the following are represent- 

 '■ative: .. . ^._,, :.:.,■ ■■.,:.r . ,;''•:• >-^/.; ^'^^;.■:"'■''^::' ;•.'!' 

 ;• v:.>\:---./:-;^^f;N Hard to Take ::^;r;: •■•'•. ;;;.-; 



Illinois Grain Corp., y 

 ; Chicago, Illinois 



. I am writing to acknowledge receipt 



of patronage dividend for $462.53, al- 



: so 7% dividend on preferred stock in 



' Illinois Grain Corporation. While the 



amount this year is not as large as the 



; amount we received last year for 



; $1,133.55, yet we appreciate it; the 



'total for the two years of patronage 



refund amounts to $1,596.08 — not bad 



at all. We feel like Allen Brown did 



.when he had me figure up the bonuses 



"^that he would get from the corn-hog 



reduction program. He said "I enn 



a stand that all right." / :^: ^' ■ • 



',.:;■ The smaller amount received this 

 year of patronage refund is due 

 largely to our smaller handling of 

 grain on account of short crops — both 

 oats and corn in our locality. . -m 



Thanking you and hoping that our 

 business relations in the future will 

 be as pleasant as they have been in 

 the past, we beg to remain , . 



Anchor Grain Co., 



; S. C. Bane, Mgr. 



Your check in the amount of $222 62 

 patronage dividend received, for which 

 we thank you very much. A check like 

 that makes a fellow feel glad he is a 

 member of Illinois Grain Corporation. 



MONICA ELEVATOR CO. 



farmer patrons has run into many 

 thousand of dollars. It is surely 

 gratifying to us to know that at last 

 we are participating in patronage re- 

 funds from the sale of our grain to 

 the terminal markets. There is noth- 

 ing else that is better proof of the 

 soundness of cooperative marketing. 



Your 7% stock dividend check has 

 been received also. Many thanks. Pat- 

 ronage refunds may not be the great- 

 est asset of the cooperative movement, 

 yet in my opinion they are better proof 

 than a lot of words. 



A. B. Scheeler, Mgr., 

 1;V GRAYMONT COOP. ASS'N. 



1 «. .. . 



Glad to be Connected 



We received our certificate as mem- 

 bers of Illinois Grain Corporation and 

 are very glad to be connected with 

 such, as I am beginning to believe it 

 is much the best we have ever had. 

 We also received the check for $53.92 

 a short time ago and were very much 

 pleased with same. Thank you. ■ 



'^:::' :''./^cr::> \^ 'i J. P. Guy, Mgr., ' ' -S'-A: 



X FARMERS ELEVATOR OF 



. LITERBERRY 



Your dividend check for $67.38 has 

 been received. Thanking you for same 

 and trusting our future business may 

 be of greater volume. ■■'■■'':■ :y-:--'.^-^.i:::-\' 



-: E. H. 0., Randolph, 111. 



This will acknowledge patronage 

 dividend check in the amount of $287.62 

 which we appreciate receiving very 

 much at this time. ■^^^^^^:^^^'^^^^'^ ; f^ 



. ••• V v Glenn Gordon, Sec*y., - 



■ CHAMPAIGN CO. GRAIN ASS'N. 



Dairymen Write To > ^ 



■ ': AAA, Ask For Plan 



It gives me considerable pleasure to 

 acknowledge receipt of your letter of 

 the 19th, in which you show that our 

 total patronage credit is now $1,239.61. 



As you know we have been under 

 the cooperative plan here since 1921 

 and our patronage refunds to our 



JUNE, 1934 '!^'^\'^\-:'-^--:^':-^:- / ^. 



Reports from Washington state that 

 many dairy farmers are writing to the 

 administration expressing their belief 

 that the rank and file of milk pro- 

 ducers favor a dairy production con- 

 trol program.* In some sections, in- 

 cluding New England, Wisconsin and 

 Minnesota, meetings have been held 

 to study the program further with the 

 possibility of giving it a trial at a 

 later date. 



Requests for the program will grow 

 should milk troubles continue. The in- 

 itiative must come from the industry, 

 however. The AAA will not move un- 

 less a majority of dairy farmers ask 

 for action, : . , . ^ . v :^ 



* Comment by milk producers In Illinois has been 

 generally favorable !• a dairy adjustment program. 

 Continued drouth may bo a blessing in disguise, make 

 further efforts to reduce unnecessary.— Ed. 



J. H. LLOYD 



Consider Plans For 



Handling Sealed Corn 



A program to handle sealed corn at 

 the expiration of the loan period, Aug. 

 1, is being considered by the corn loan 

 division cf the Commodity Credit 

 Corporation. Stored corn will probably 

 be kept on the farm at least until next 

 fall. While it is too early to hazard 

 any guess as to the 1934 crop, a 



substantial reduc- 

 tion in plantings 

 and a lower than 

 normal carry-over 

 makes the outlook 

 favorable for corn 

 prices next fall 

 and winter. 



The extreme 

 drouth through- 

 out large sections 

 of the corn belt 

 since the first of 

 the year is an- 

 other bullish factor. Any considerable 

 delay in rainfall and germination of 

 the new crop increases the hazard of 

 unmarketable corn next fall, .. 

 ' The corn sealing program termi- 

 nated on April 30 and in Illinois a 

 check is being made under the direc- 

 tion of J. H. Lloyd of the State De- 

 partment of Agriculture to get ac- 

 curate figures on the exact number of 

 bushels under seal. Regulations cover- 

 ing audits and refunds of sums col- 

 lected by county warehouse boards are 

 promised at an early date. ■ v ; 



Approximately 270,000,000 bushels 

 of ear corn were put under seal dur- 

 ing the loan program. Thia 'ambunt 

 represents a loan value of around 

 $121,300,000. Iowa leads with $57,000,- 

 000; Illinois, $30,000,000; and Ne- 

 braska $23,000,000. . : ; , 



:l/^y^:^:/ Borrower's Option /; 



The borrowers have the option of 

 retiring the loan, plus accrued inter- 

 est, at four per cent at any time on 

 or before Aug. 1. If the market price 

 of com at maturity date is less per 

 bushel than the loan, the borrower 

 may dismiss his obligation by turning 

 over to the government the number of 

 bushels of corn originally stored, pro- 

 vided the agreement has been fulfilled 

 and no misrepresentations of fact. 



The loan agreement provides that 

 corn may be held in storage on the 

 farm until October 15, 1934, at the 

 option of the Commodity Credit Cor- 

 poration. 



'k-..* '. 



: AAA fluid milk and cream licenses 

 cover about 15 per cent of total fluid 

 milk and cream consumption in towns, 

 cities and villages estimated at 32,- 

 000,000,000 pounds. 



. ' t- 



•■.. ^', 



