Garden City Telegram from Garden City, Kansas on November 28, 1977 · Page 5
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Garden City Telegram from Garden City, Kansas · Page 5

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Garden City, Kansas
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Monday, November 28, 1977
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Page 5
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;•__ ' (Garden City Telegram Monday, November 28, 1<>77 Page 5 Grain Export Company Count Continues as Controversy By ROD TURNBULL } KANSAS CITY — A subject which apparently continues in Controversy concerns the fact {hat a major portion of America's grain exports — Estee Lauder SPECIAL '50 VALUE NOW *8 50 WITH PURCHASE some say 85 percent — is handled by six big companies. There are those who contend six isn't enough, that farmers would be better off if the business were divided among a much larger group of t-x- porlers. The big exporters themselves are not inclined aggressively to rise in defense to the charges, contending simply that they are in one of the most competitive businesses in the world, and on a world-wide basis. The big six are Cargill, Continental, Dreyfus, Bunge, Cook and Midwestern (a Division of Garnac). All six are represented at the Kansas City Board of Trade and at other exchanges. At the outset, it should be By Rod Turnbull IMS CHRISTMAS 10% OFF * ALL POTTERY including Frankoma * BIRKENSTOCK SANDALS * SILK & ARTIFICIAL FLOWERS We also have some CHRISTMAS PLATES Sale Ends Wed., Nov. 30 DELLA'S POTTERY mentioned that there are dozens of other companies also at the Kansas City Board of Trade, some of them one- man firms and others much larger regional operations. Big and little, they all are in Ihe business, one way or another, in moving grain from the farmer to the consumer somewhere in this country or around the world. Rightly or wrongly, there are several factors which suggest concentration of the export business in the hands of the big operators. One is money, or capital. By the very nature of the business, it lakes a lot of operaling capilal lo gel a ship loaded with grain and this capital is necessary, because Ihe exporter doesn'l gel his pay until Ihe buyer of the commodity takes title. Two of the mosl common practices in grain exports are for Ihe buyer lo lake lille when the ship is loaded, (F.O.B.) or lo lake title when the grain is delivered lo buyer at his port. The latter method is called C.I.F., which means lhal Ihe exporter delivers the grain to the buyer's port with cosl, insurance and freight paid. At (hat point, Ihe exporter gels his money. In Ihe other method, the exporter loads the grain on a ship al a Gulf porl, for example. Once the ship is loaded and ready to lake off for its destination, the first male issues what is called a male's receipl, which is a documenl testifying thai a cerlain quantity of grain is on Ihe ship and lille is being turned over to the new owner. The mate's receipl is sent lo the American bank where the buyer has deposiled sufficient funds lo cover Ihe transaction. When the bank gels the receipt, il transfers the proper funds to the exporter. As these systems teslify, the exporter has lo have paid all costs from the original purchase of the grain from a farmer, local or terminal elevalor, all freighl and handling charges, and any olher expenses including inleresl before he gels a relurn. Modern ships haul anywhere from 1 million lo 4 million bushels of grain. Many are in Ihe 2 million bushel class. Two million bushels of wheal at the Gulf recently would have been worth aboul 6 million dollars, 2 million bushels of corn around 5 million dollars and 2 million bushels of soybeans 10 million. In addilion lo capilal, the exporter musl have experlise in buying and moving grain. In handling millions of bushels, Ihe exporler mosl likely will have lo go lo several sources of supply, several counlry elevalors as an example. In each instance, he has lo pay when he lakes delivery. The big companies have experts employed who see to il lhal the grain is loaded onto freighl cars on time, that il is of the quality specified and lhal it is destined lo arrive al Ihe port elevalor as scheduled. Delays somelimes are unavoidable, bul Ihe exporters obviously try lo escape demurrage charges on freighl cars or barges or even the ships. Inleresl charges pile up quickly if delays al any poinl become serious. "The interest costs can kill you," an exporter at Kansas Cily commenled. There's no way lo eliminate risk entirely. It is possible that when a trainload of grain arrives al a port elevator, some, il may be discovered, may nol meet the grade specified in the export contract. The big companies try I o be in a position to turn lo anolher source in a hurry. This is why Ihey like lo keep a continuous flow of grain through their elevalors and export houses. A smaller operator might have lo wail weeks lo replenish a slock lhal didn't meet specifications. As mentioned these capital and logislical problems at least suggest lhat it takes big operators lo handle Ihe business. But these aren't the only factors lhal indicate competition in the export field. As an example, when an importing country issues a lender (an offer to buy) a certain quantity of grain, offers to sell may come from a dozen worldwide grain firms in addilion lo those in Ihe United States. The competition on such an offer thus is not just among the big six from America, but from many olher countries. Moreover, as important as Ihe export business is in SERVICE MASTER CARPET CLEANING 275-1433 "The Owning People Who Cm" America, it still isn't as large as the total domestic trade in grains. The exporter must compete in this market to gel supplies. In fact, the exporters engage in Ihe domestic business also. And where they have made statements commenting on the so-called domination in the export field, they have em- phasized that their share of Ihe total grain market is nowhere near as much as indicated by exports alone. The export field is wide open 10 all grain companies. It could be a good guess that any that are added to the big six on a comparable basis likely also will be rather substantial operators with ample capital. MIDGES TURQUOISE SHOP 111 W. LAUREL OPEN SUNDAYS 1 To 5 p.m. WEEKDAYS 10 a.m. to 5:30 p.m. American Brew Branded Useless HOUSE 1001 N. Main 276-2428 By Eugene Sbeffer ACROSS 1 Ancient Syria 5 Stringed instrument 9 Most of coda 12 Yugoslav VIP 13 Song in pariah 14 Common value 15 Surgeon's concern 17 Summer in Alencon 18 Mortar's companion 19 Challenges 21 Near 22 Coronet 24 Chemical compound 27 Supreme •'.' Being 28 Masticate 31 Apple seed 32 Card game 33 Ending for ' char or par 34 Most of miter 36 House wing 37 Indian 38 Garments 40 Conjunction 41 Track 43 Obliterated 47 Ship deserter 48 Effective 51 Half of family 52 Fictional Wolfe 53 Paradise 54 Footgear in space 55 Speaker's platform Avg. solution time: 27 mln. iTlFlNllOlR 56 French city DOWN 1 Above 2 Mature 3 Sweetsop 4 Fatal 5 Detest 6 Mr. Onassis 7 River, in Madrid 8 Himalayan animal 9 Collapsible headgear for men 10 Tropical fruit 11-28 Answer to Saturday's puzzle. 11 War god 16 High, in music 20 Curve 22 Implements 23 Pagan god 24Finial 25 Insect egg 26 Working (rare) 27 Lively joy 29 Nigerian tribe 30 Tiny 35 Maori food 37 Declaims 39 Fair 40 Money in hora 41 Snare 42 Incarnation of Vishnu 43 Love god 44 Start for kick or show 45 Uniform 46 Lairs 49 Size of coal 50 Most of merit 8 31 51 54 25 26 38 39 52 55 32 22 50 23 45 28 53 33 30 DBS MOINES, Iowa (AP) — Dublin housekeeper Christina Grainger spent eight days in Iowa with bul one complainl — the beer. American brew, Ihe 59-year-old Irish woman said, "is useless." She described much of her "Friendship Force" visit with 250 olher Dubliners as "beautiful," but said she missed her bottles-of Guinness stout, a thick, almosl black beverage made from malls and hops. The mother of 15 girls and six boys aged 13 to 38, Mrs. Grainger said lhal in Ireland "we drink Guinness. I miss it. I believe it keeps me alive. "In Dublin we say, 'A Guinness a day,' as you Americans say, 'An apple a day keeps you healthy.'" Too Many to Decorate Anyway JOPLIN, Mo. (AP) — Leafie Smith would have had a glorious Christmas if she could have kept the greenery dumped on her lawn. Of course she mighl have had to spend the next 12 months decorating it. A semi-trailer truck filled to the brim with white pine and scotch pine Christmas trees was headed down Interstate 44, bound for Dallas, when it had a blowout Thursday. Scatlering trees as it il slid down an embankment, the truck dumped mosl of its load of 990 trees on Ihe Smilh's front lawn before coming lo a rest. The truck was reloaded and back on the road in a few hours. There were no injuries. She said American beer had "no body to il." The Irish visilors lefl Des Moines Thursday nighl. A similar group of Des Moines residenls, along with Lillian Carter, the presidenl's molher, Iraveled to Ireland under the program. When friends heard Mrs. Grainger and her neighbor, Ellen Fennell, 51,. were going lo Iowa, "They said we were going lo Indian counlry — wigwams and pow-wows," said Ms. Fennell. Bul Mrs. Grainger said she found Ihe thoroughly modern Iowa lifestyle slartling. "The way people live here amazed us. People live a very quiet life — there's no rushing around. The air is beauliful. There's no pollulion." Mrs. Grainger, who walks 20 miles a day belween Ihe Iwo differenl homes where she is housekeeper, also was surprised by Ihe number of automobiles. "We're more in the habil of walking," Mrs. Grainger said. "Only Ihe rich have cars. The only car I've ever had was a pram (baby carriage), and I've used lhal a lot." But in Des Moines, her companion added, "Everyone has a car. I mel one family who had six cars. Imagine that!" Personalized Christmas Cards OFF Onou from 5 Mbura ^&gWfc^ CHRISTMAS TREES BY COURTESY OF DILLONS-EASTGATE WALLS PARKING LOT 5TH& LAUREL. 8s & j» 4 SCOTCH PINES 5%' to 8' CHRISTMAS TREE STANDS DOUGLAS FIR 3' to 10' WHITE PINES 5%'to 8' CRYPTOQUIP 11-28 :;F I K K R T WPMTYPHH VPTMSF 'WIRYIH VMSTMS YPTF • Saturday's Cryptoquip— TRICK GRAB-BAG GIFTS ARE : OFTEN FINE FOR SNICKERS. ; ' (£) 1977 King Featurei Syndicate, Inc. •• Today's Cryptoquip clue: R equals E -The Cryptoquip is a simple substitution cipher in which each : letter used stands for another. If you think that X equals 0, it •• will equal O throughout the puzzle. Single letters, short words, •• and words using an apostrophe can give you clues to locating vowels. Solution is accomplished by trial and error. DOUGLAS FIR ROPING OPEN AFTER THANKSGIVING OPEN DAILY 10 a.m. to 8 p.m. SUNDAY 1 TO 8P.M. PROCEEDS FURTHER THE OPTIMIST CLUBS YOUTH PROGRAM AMERICAN AGRICULTURE NATIONAL BENEFIT At Texas Stadium Thurs., Dec. 1 & Fri., Dec. 2 Irving, Texas-12 Noon to 10 p.m. Per Day advance 1Z Per Day at Gate HAVE FUN! Get Up A Busload! STARRING Little Jimmie Dickens, Johnie Duncan, Tommie Cash, David Huston, David Witkins, Kitty Wells, Bob Wright, Jim Ed Brown, Helen Cornhos, Bill Anderson, Mary Lou Turner, Connie Smith, Don Gibson and Jeanie C. Riley HAVE FUN! Get Up A Busload! 20,000 Seats Reserved For American Agriculture American Agriculture Speakers Between Acts Although this fun outing is probably the largest meeting of people for the American Agriculture Movement that we will have, we need to show our strength by attending. ORDER YOUR TICKETS NOW FROM: "Garden City American Agriculture Office 124 Grant PHONE 275-7421 OR 275-7422 "WRITE OR CALL (806) 665-5311 or 665-3302 Pampa, Texas Strike Office 1945 N. Hobart Pampa Texas, 79065 Proceeds of this benefit will go towards the advancement of the American I Agriculture Movement, and a percentage to the FFA.

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