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Herald and Review from Decatur, Illinois • Page 12

Publication:
Herald and Reviewi
Location:
Decatur, Illinois
Issue Date:
Page:
12
Extracted Article Text (OCR)

Page A 12 FarmMoneytate- Decatur. Illinois. Tuesdav. June 23. 1981 'emocratic remap plan allegedly 'crucifies' black Chicagoans' vote Mrs.

Braun said blacks now account for about 40 percent of Chicago's population, an increase of 7 percent since the 1970 federal census. But' she said the Lemke map could force two Senate blacks out of office, and several black House members. There currently are six black state senators, five of whom are from Chicago, and 15 black House members, -14 of whom are from Chicago. A Republican redistricting plan pending in the House calls for three more Senate seats for black neighborhoods than does the Lemke map, she said, adding that the GOP proposal reflects the growth of Chicago's black SPRINGFIELD (AP) A Democratic plan to redraw Illinois' 59 state senatorial districts is a "crucifixion" that would deny Chicago's blacks a representative voice in the State-house for the next 10 years, a black Democratic House member charged Monday. Rep.

Carol Moseley Braun of Chicago said the Democratic map unveiled last week in the Senate is a "vicious, vindictive assault on the black people of Chicago." She said the proposal, introduced Friday by Sen. Leroy Lemke, D-Chicago, provides less political clout for blacks over the next 10 years than they have today even though the number of Chicago blacks grew in the 1970s. The General Assembly is directed by law to redraw state legislative and congressional district boundaries every 10 years to reflect the shifting population. If lawmakers can't agree on a new political map by June 30, a commission will be appointed to draw a new map. If the commission fails to do so, the Illinois Supreme Court would appoint a tie-breaking member.

But any map still could be challenged in federal or state court. Several groups, including one representing Chicago's Latinos, have vowed to file suit against any map they feel discriminates against minorities. The highly charged political task has been made even tougher this time, mostly because of the overwhelming approval by voters last fall of the Cutback Amendment. The amendment slashes one-third, or 59, of the House's 177 seats beginning in 1983. AP Laserphoto Jim Randall (bib overalls) searches through rubble of his Littleton house.

Tornado -stricken county designated disaster area Researchers indicted in fake test case CHICAGO (AP) Four former employees of a research laboratory were indicted by a federal grand jury in connection with an alleged scheme to defraud clients and federal agencies by faking safety test results on pesticides and other chemicals still on the market, the U.S. attorney's office said Monday. The tests, conducted by Industrial Bio-Test Laboratories, of suburban Northbrook, were done during the early 1970s for manufacturers of pesticides, herbicides, arthritis drugs and soap products, the indictment said. In each case, the laboratory's test conclusions were that the chemical under study Those named in the indictment are Joseph C. Calandra, 64, of Boynton Beach, former president of the firm; Dr.

Moreno L. Keplinger, 52, of suburban Deerfield, former toxicology manager; Dr. Paul L. Wright, 41, of Kirkwood, former rat toxicology section head; and James B. Plank, 37, Buffalo, N.Y., a former toxicology manager.

Two of the studies were performed for Chemagro, now a division of Mobay Chemical one for the herbicide Sencor, which is widely used in the Midwest on soybean and corn crops, and the other on the pesticide Nemacur. was safe. The indictment charges the defendants with concealing test results, lying about tests conducted, the number of animals used in the tests and the length of studies. Thousands of faulty tests performed by Industrial Bio-Test during the 1970s, including those named in the indictment, have subsequently been declared worthless by the government, said David Gettman, a spokesman for the Environmental Protection Agency. Manufacturers of the substances, which include about 200 pesticides, have been told to have their chemicals retested for safety.

tal amount was unknown. The town's water tower, school, Methodist and Baptist churches were wrecked. The twister's victim was identified as Oliver Wayne Smith, 38, whose body was found near his mobile home. Twelve other persons suffered minor injuries. Five were hospitalized and listed in satisfactory condition.

Thompson said he will ask the Small Business and Farmers' Home administrations for low-interest loans to home owners and farmers hit by the tornado. Applications to the federal agencies will be made, he said, after the full extent of property and agricultural damage to the Littleton area is determined. The state Department of Transportation, Jones said, is providing equipment to help clear the debris. "The area in and around this community is closed to everyone who is not a resident or here in an official capacity to help." Mayor William Asher said high winds damaged the town's water tower, contaminating water supplies, and he advised residents to boil their. water.

A Schuyler County sheriff's spokesman said the black funnel cloud that spun through town about 9 p.m. damaged virtually every structure in the community on Illinois 101 in the northern part of the county. By The Associated Press Gov. James R. Thompson Monday declared Schuyler County in west central Illinois a disaster area in the wake of a weekend tornado that lashed the hamlet of Littleton, killing one person and injuring 12 others.

The governor also declared Kane and Carroll counties disaster areas as a result of massive flooding. It brought to five the number of Northern Illinois counties designated disasters stemming from torrential rainfall June 13-14. E. Erie Jones, director of the state Emergency Services and Disaster Agency, said Monday that Thompson requested emergency federal loans for $86.9 million in losses to uninsured homes and businesses in Cook, Will, Grundy, Kane and Carroll counties. Thompson said he also may request emergency loans from the Farmers Home Administration for damages to crops and farmland.

Most of the $2.7 million damage in Carroll County, on the Illinois-Iowa state line, was to crops, Jones said. About half the homes in Littleton, 200 population about 70 miles northwest of Springfield, were demolished 'or damaged by Sunday night's tornado. State officials estimated about $500,000 in damage to public property, but the to- If so, "that's fine with me. If not then I'll look elsewhere (for more day care money), but if I can't find it, I won't restore it," Thompson told the members of Day Care Action Council of Illinois and Chicago Coalition for Day Care Advocacy. "I can't let the State of Illinois go broke." Maria Whelan, president of the day care council, told Thompson day care cutbacks eventually would cost the state more because many working mothers would have to stay home and go on welfare to care for their Governor looks to DCFS to fund day care program CHICAGO (AP) Gov.

James R. Thompson, who describes himself as a "day care supporter," says he will not veto $2.3 million restored to the state budget for day care if the money comes from the Department of Children and Family Services's budget. The governor, who recommended $2.9 million in day care cuts to help the state balance its books, told 150 parents and children protesting the cuts in front of his home Sunday he would ask DCFS director Gregory Co-ler whether he "is willing to pay more for day care and less for something else." INew ork stocks 12.2 of income buys food for home use Stock prices Goodyr 19' 2 19' 2 UnCarb 59U 58b IllPowr 19 19 USSteel 30' 4 30s BAA 58' a 57' 2 WestgEI 3034 31' IntHarv 16' 2 16 Whrlpl 274 28 IntPapr 48 474 Whittak 43' 4 45 IntTT 31H 3178 Woolwth 254 254 LeeEnt 29' 2 29' 2 Mobii 577a 57H American stocks Nalco 54' 4 54' 4 NatDist 268 257a Stock prices provided by Row- NorfWsn 474 48' 2 land PPG 47b 47'4 Mon. Fri. Penney 35H 36 Close Close ProcGam 7534 77'2 Asamera Inc.

14 14' RCA 23 23 Glasrock 15 RalsPur U3 147a Means Co. 205in 204 Sears 19' 4 193 4 N. Amer. Royalties 175d Staley 25' a 25b Ozark Air Lines 12: 12' a StOInd 53' 2 55 Pratt 8. Lambert 18 17s Texaco 341 2 347s UAL 2734 2634 NT No trade Mon.

Fri. c'ose close AmMotrs 37s 378 ATT 57' 2 574 ArchDan 1878 18' 2 BorgWar 52-4 518 CatTrac t53 68' 4 CenllPs 11' Chrysler 7' 2 7' a Deere 39' 2 39' 2 DowChem 33' 2 34 DuPont 525s S3 Esmark 6634 67' 4 Exxon 35' 4 353 Firestn 13 127e FordMot 2338 235b GenElec 64 64' 2 GenMot 55 55' 2 IVIike Carr Commentary Seminar for small business set A seminar about opportunities for small or minority-owned companies to do business with government agencies will be held Wednesday in the Richards Treat University Center at Millikin University. The seminar will run from 9 a.m. to 4 p.m. It will cost $10.

It is being sponsored by the Illinois Department of Commerce and Community Affairs and the Metro. Decatur Chamber of Commerce. tion of the ups and downs of the lime and tangerine growers. Limes dropped sharply last month, from $40.67 a box (to the grower) to $33.40. But they are still riding along on the high side of the price merry-go-round.

The May price is 199 percent of parity, compared to wheat at 56 percent. But this is the bad time for tangerine growers. Their fruit is priced at a MINUS $2.01 a box. That means, according to the USDA's Farm Paper Letter, it costs $2.01 more to hire pickers than anyone would pay for a box of tangerines. The USDA does not offer a parity figure for this negative price level.

But limes and tangerines are regulars on this high-low cycle. Consider the producers of more basic items. These people have seen highs at the bare survival level for months and their lows are more frequent. Cattle, which had shown signs of a slight recovery, fell 70 cents per hundredweight in May to the lowest point since August. But at 65 percent of parity, the producers of choice steers were better off than the hog producers.

Despite a rise in their prices, hogs were at 49 percent of parity. Do you remember last November when all the experts were warning that meat prices would be up 10 to 25 percent by mid-1981? It didn't happen. Corn growers finally got their Russian markets reopened and they are struggling against the weather to produce any kind of a crop this year. But corn prices in May fell to $3.20 a bushel nationally. That is the lowest since January.

Eggs were at the lowest point since last July, soybeans at the lowest since last August, tomatoes and potatoes declined. In 11 of the past 12 years, farm prices have gone up in May the exception was 1974. This year is either another exception or the end of the string. Overall, farm prices have now declined every month since December. Americans spent 10.5 percent more for food last year than a year before.

The $302.3 billion poured out for food was twice the amount spent in 1973 and three times the amount spent in 1968. Those figures, from the U.S. Department of Agriculture, probably come as no surprise to the typical family, trying to make a budget work. Even the figures of the past couple of months, showing inflation is slowing down, don't seem to ease the drain on the paycheck. But there are a lot of other figures coming out of the USDA along with those gross dollar amounts.

Taken together, they show you can't blame food for your strained budget and you can't blame agricultural products for your struggling food budget. We earn a lot more money, on the average, than we did in 1968 when food expenses were one-third what they were in 1980. In 1968, we spent 17.3 percent of our disposable income on food. Last year, we spent just 16.6 percent. That percentage spent on food is the same as it was in 1979, and compared with the record low in 1973 of 16.2 percent.

Take that a step farther and throw out the figures for the food eaten away from home. I realize that for some, eating out is a way of life and necessary. To them I apologize. But for those who eat out as a luxury, don't blame the farmer if your food budget runs short. We spent just 12.2 percent of our income for food for use at home, the same as in 1979 and even less than the 12.3 percent back in 1973.

The record low for money spent for food at home is 12.1 percent in 1978. The idea that we would spent just slightly more than 12 cents out of every dollar available to bring food home from the store is amazing enough. Food is the one thing we absolutely cannot do without, yet it is a small portion of our budget, far below taxes, housing and, usually, transportation. But then consider all the money you spend at the supermarket for items you will never eat. I'm not referring to the shirts, facial tissues and other shopping basket fillers.

1 2rlci SOYBEANS Jul 723''2 712'2 713''2 720 723 72334 729 731 732'2 735 747'2 749'4 752 767 7683-4 772 789V2 792'? 793 I am referring here to the packages you bring home. Not the food, the packages. According to National Food Review, the beer can or bottle costs five times as much as the beer it holds. A pop bottle costs "only" twice as much as the contents. The potato chip bag, the table syrup bottle and the chewing gum wrapper all cost twice as much as the commodity they enclose.

The breakfast cereal box costs one and a half times as much as the contents. Some have charged the nutritional content is in the same proportions. Soup cans, frozen food packages, baby food jars, and dessert boxes also cost one and a half times as much as the food they contain. I've known some fine people in the packaging industry, particularly in my advertising agency days when one of our accounts was a packaging company. Therefore, I would never downgrade the role of packaging in the food system as we know it today.

Many of the gains we have made in safety and freshness can be attributed solely to packaging. Our packaging is one reason we have such a wide choice of foods for so many months of the year. But when people become concerned with the cost of their food, they should also remember what they are paying for. The men and women who originate that food, the farmers, are still struggling. This brings us to our not-very-regular men lfl Sep 741 V- J7 Nov 759 Farm Market kvTTv Mav 8,7 r.

IXI VA Jul 830 Peoria livestock Hogs: 3,000, trading moderate, barrows and gilts steady; 1-2 200-240 lb 52.00-52.50, 90 head 52.60-53.00; 1-3 200-240 lb 51.00-52.00; 240-260 lb 49.00-51.00; 260-280 lb 47.00-49.00; 2-3 280-300 lb 46.00-47.00; sows 1.00-2.50 higher; 1-3 350-500 lb 46.00; 500-650 lb 47.50-49.00; boars over 350 lb 44.00-44.50; under 350 lb 809 821 805 821 805 820 I rtepori 1 jj I Livestock futures Futures trading on the Chicago Mercantile Exchange Monday: High Low Close LIVE BEEF CATTLE CHICAGO (AP) After chalking up gains in early trading, grain and soybean futures took a sharp turn and closed lower Monday on the Chicago Board of Trade. Selling by commission houses and speculators pushed wheat prices lower, traders said, with heavy buying by commercial concerns moderating the declines. At the close, wheat was 3'2 cents to 5 cents lower, with July at a bushel; corn was xk cent to 2 cents lower, with July at $3.41 V2 oats were xk cents to cents lower, with July at a bushel; and soybeans were 2 cents to 6' cents lower, with July at a Child can be claimed as dependent in '81 Aug 69.07 68.77 68.82 Oct 66.20 65.80 65.92 Dec 66.97 66.40 66.45 Feb 67.85 67.30 67.37 Apr 68.80 68.00 68.20 Jun 69.25 69.20 69.25 FEEDER CATTLE Aug 68.60 67.95 68.02 Sep 67.90 67.40 67.42 Oct 67.90 67.30 67.35 Nov 68.55 67.80 67.92 Jan 70.20 70.00 70.00 Mar 70.50 70.50 70.50 May 71.20 LIVE HOGS Jul 55.50 54.45 54.52 Aug 56.25 54.15 54.42 Oct 54.50 52.60 52.80 Dec 57.15 55.20 55.27 Feb 57.77 55.87 56.00 Apr 55.90 54.80 55.00 Jun 57.75 57.10 57.50 Jul 57.50 Aug 59.50 58.97 58.97 PORK BELLIES Jul 55.05 53.30 53.50 Aug 54.95 52.92 53.02 Feb 71.00 69.10 69.20 Mar 70.95 69.10 69.40 May 71.80 70.00 70.00 Jul 71.25 Aug 71.40 70.90 71.17 Cattle: 1,500, trading moderate; slaughter steers 50, instances 1.00 higher, most advance mainly on mixed good and choice 2-3 over 1,100 lb heifers steady to 50 higher; cows weak to 1.00 lower on small supply; slaughter steers choice 2-4 lb 68.00-70.00; mixed good and choice 24 lb 66.50-67.50; good 2-3 lb 62.50-66.00; slaughter heifers choice 2-4 lb 64.00-66.00. few 66.50; mixed good and choice lb 63.50-64.50; good 60.00-63.50. Joliet livestock Cattle: 1,600, trading active-slaughter steers 1.00-1.50 higher; slaughter heifers 1.00 higher; slaughter steers choice, few prime, mostly 3, lb 70.00, 2 loads 70.25; mixed high choice and prime 3-4 lb 68.50-69.50; choice 2-4 lb 68.50-69.50; slaughter heifers mixed choice and prime 3-4 lb 67.00-68.00; choice 2-4 lb 66.50-67.50.

Hogs: 1,000, trading active; barrows and gilts steady to 25 higher; 1-2 210-250 lb 52.50-53.00; mixed 1-3 200-240 lb 50.50-51.00; 1-3 250-280 lb 48.50-50.00; sows 2.00 higher than Thursday; 1-3 350-600 lb 43.00-44.00. Interior 111. hogs Springfield Barrows and gilts unevenly 50, instances 1.00 higher; demand good; 1-2 200-240 lb, unevenly 50.50-51.50, some mostly in eastern area 51.75-52.00; 1-3 240-260 lb 49.75-50.75; sows fully 1.50-2.00 higher; 1-3 300-500 lb 41.50-43.50; 500-600 lb 43.00-45.50, few 46.00. Sylvia Porter Commentary East St. Louis Grain markets Decatur area prices Monday supplied by Tabor Corn $3.15 Soybeans $6.68 Wheat $3.03 Oats $2.09 your daughter's support which you provided.

This midyear tax series is designed to tell you about rulings such as the two above that can mean so much to you in terms of income tax savings. But you also must help yourself. For instance, say you already have provided support for a child who is leaving home this year and who intends to pay his own way from now on. Here is your tax strategy now. Make an estimate of the total cost of supporting your child in 1981.

Then calculate how much of that support has come from you to date. If you are close to the more-than-half support level, provide the few dollars of additional support needed to protect your dependency deduction for 1981 (probably the last year you'll get it). You may want your child to put some of his 1981 income into the bank so that he (or she) won't spend the money on his support. This can help ensure your deduction. NOTE: Your child also is allowed a $1,000 personal exemption for himself on his return, even if you are claiming him as a dependent.

Your child generally cannot be a dependent on your return if he files a joint return. So if your son or daughter married in 1981, ask the newlyweds to file separate returns at tax time. It almost surely won't make much difference on their tax bills. But it will mean you keep a $1,000 dependency exemption in your substantially higher tax bracket. Work out all these calculations NOW, when you still have months (not days or hours) to reach the best tax strategy.

Tomorrow: How $100 can save you thousands in tax deductions. (Second of a five-part series) When your son or daughter gets out of school and takes a job (or perhaps marries), do you lose that child as a dependent on your 1981 income tax return? A. As emphasized in yesterday's report, not necessarily. When your child reaches age 19, there is a $1,000 limit on the total of taxable income he or she can receive and still be an acceptable dependent on your return. But the income limit does not apply to a child single or married who is a full-time student in 1981.

If your child spent any part of five calendar months in school during 1981 for instance, if he or she went to college from January into May the child is treated as a "full-time student" in 1981. The tax significance: Your child can make any amount of money he or she can manage from now until the end of 1981 and no matter. You can claim him or her as your dependent on your 1981 return. KEY REQUIREMENT You must provide more than half of your child's support for the year if the child is to be your dependent. There is much more to support than the obvious items such as food, clothing and shelter.

The tax rules on support (if you know them thoroughly) well may work in your favor. EXAMPLE: Your 22-year-old daughter, Mary, graduated from college early in June and married Dan, also a June graduate of the agricultural school, a few days later. You Mary's college expenses, bought Mary a car for graduation (you are financing the purchase), and you also paid for Mary's wedding to Dan. The two already have found Grain futures Futures trading Monday on the Chicago Board of Trade: Fri. High Low Close Close WHEAT Jul 399 392 392Vi 396 Sep 418V 410'2 4IIV4 415 livestock Hogs: 5,000, trade moderate; barrows and gilts higher; 1-2 220-245 lb 52.50-53.25, few lots 200-220 lb 52.00-52.50; 1-3 220-260 lb 51.50-52.50; 2-3 250-270 lb 50.50-51.50; 270-290 lb 49.50-50.50; sows 1.50-2.50 higher; 1-3 300-500 lb 45.00-45.50; over 500 lb 48.00-49.50, few 50.00; boars over 300 lb 44.00; 200-300 lb 45.00.

Cattle and calves: 1,800, trad-1 ing moderate on slaughter steers and heifers; as compared to last Tuesday, slaughter steers 1.00-1.50 higher; slaughter heifers 2.00-3.00 higher; cows steady with last week; bulls scarce, no early sales reported; slaughter steers scattered loads and lots mixed choice and prime 2-4 lb 70.00-70.50; choice 2-4 lb 68.00-69.50; mixed good and choice 2-3 lb 66.00-68.00; few lots mostly good 2-3 lb holsteins 59.50-60.00; scattered lots lb 56.00-58.00; slaughter heifers, loads mixed choice and prime 2-4 975 lb early 67.50; choice 2-4 lb 65.00-66.50. Dec 443'j 435 435V4 439 jobs, and after their honeymoon, they will be supporting themselves for the rest of 1981. Q. Is Mary your tax dependent in 1981? The income test is no problem. Mary is considered a full-time student in 1981.

But how about meeting the more-than-half-support test? This is something of a standoff. You paid Mary's bills at college. Dan and Mary are taking care of the second half of this year. Yet, you do clear the halfway mark test because of two critical tax rulings. One ruling holds that so-called capital outlays the gifts of cars, TV sets, etc.

count as dependent support in the year of the gift (Rev. Rul. 77-282, 1977-2 CB 52). So, advises Eli Warach, divisional vice president of Prentice-Hall, the full cost of the graduation car gift is support you provided to Mary in 1981. Another ruling holds that "expenditures made by parent for child's wedding apparel and accessories, wedding reception and for flowers for wedding party, church and reception are part of child's support.

(Rev. Rul. 76-184, 1976-1 CB 44). The cost of the wedding party, church and reception is also part of Mar 465 456'j 456 461 468 468 472 May 476 Chicago cash grain Wheat No. 2 hard red winter 3.56'4n Monday; No.

2 soft red winter 3.61'4n. Corn No. 2 yellow 3.47n (hopper) 3.31n (box). Oats No. 2 heavy 2.38n.

Soybeans No. 1 yellow 7.09'2n. No. 2 yellow corn Friday was quoted at 3.46n (hopper) and unquoted on (box). Markets at a glance At New York: Jul 484 475V2 475'2 480 CORN Jul 346 Sep 355 Dec 363 34T2 341 343 350V4 350'j 352 358 358'4 359 372V4 373 380 380 Mar 376'j 372 May 384'4 380 Jul 389 383V2 383V2 384 OATS Jul 219V 212V2 212'2 217 Sep '208V2 203'4 203V2 206-Dec 216'i 212 213 214 Mar 223V2 221 221 'j 223 Mav 225 225 Stocks: Higher At Chicago: Wheat: Lower Corn: Lower Oats: Lower Soybeans: Lower i.

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