Investigation of Grain Storage Operations of the Commodity Credit Corporation: Hearings Before the Special Investigating Subcommittee of ..., 86-2 ..., January 12 ... May 26, 1960 |
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Page 8
... percent of the total handling charge of 4.5 cents , since only 12.1 percent of the total volume stored was actually handled by this sample of elevators , we would have a total income comparable of 13.17 cents . Mr. SCHMIDT . This would ...
... percent of the total handling charge of 4.5 cents , since only 12.1 percent of the total volume stored was actually handled by this sample of elevators , we would have a total income comparable of 13.17 cents . Mr. SCHMIDT . This would ...
Page 11
... percent , then , including all costs ? Dr. PHILLIPS . Yes ; as a percent of cost , not on investment . Senator PROXMIRE . I understand . Dr. PHILLIPS . Yes . Senator PROXMIRE . Fifty percent of the costs ; and what was the variation ...
... percent , then , including all costs ? Dr. PHILLIPS . Yes ; as a percent of cost , not on investment . Senator PROXMIRE . I understand . Dr. PHILLIPS . Yes . Senator PROXMIRE . Fifty percent of the costs ; and what was the variation ...
Page 13
... percent , and including all charges , 52 percent . Dr. PHILLIPS . That is correct . Senator SYMINGTON . And as I understand it , there is about 1 cent , $ 0.0108 included in those additional charges , is that correct ? Dr. PHILLIPS ...
... percent , and including all charges , 52 percent . Dr. PHILLIPS . That is correct . Senator SYMINGTON . And as I understand it , there is about 1 cent , $ 0.0108 included in those additional charges , is that correct ? Dr. PHILLIPS ...
Page 14
... percent per bushel per year . Again let me say- Senator PROXMIRE . This would be , then , a profit of about 55 percent instead of 71 percent ? Dr. PHILLIPS . Yes , if we were to use your 1 cent estimate as an average . Mr. SCHMIDT ...
... percent per bushel per year . Again let me say- Senator PROXMIRE . This would be , then , a profit of about 55 percent instead of 71 percent ? Dr. PHILLIPS . Yes , if we were to use your 1 cent estimate as an average . Mr. SCHMIDT ...
Page 15
... percent profit . And from what you have just told me , you would say this would be a higher than average but perhaps ... percent . And relating this to the net worth , which in the case of Newhall is 76.9 percent of total assets - they ...
... percent profit . And from what you have just told me , you would say this would be a higher than average but perhaps ... percent . And relating this to the net worth , which in the case of Newhall is 76.9 percent of total assets - they ...
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Common terms and phrases
abnormal profit administrative agency amortization average bins capacity Cargill cents a bushel cents per bushel Chairman CHARAM charges COLE commercial committee Commodity Credit Corporation Commodity Stabilization Service conflict of interest contract COREY corn correct Counsel country elevator December 31 Department of Agriculture Director DUDDEN employees estimated farm farmers figures fiscal going GOOLD Government grain Grain Storage Agreement GREGG HANSON HENDRICKSON investigation investment LAYBOURN loan McGregor ment million bushels Minneapolis negotiations North Dakota operation PALMBY percent Personnel PHILLIPS POLLOCK Portland PUELZ question record regulations ROBERTS SCHMIDT Senator COOPER Senator ELLENDER Senator HUMPHREY Senator MUNDT Senator PROXMIRE Senator SYMINGTON Senator YOUNG shrinkage soybeans statement storage cost storage facilities storage rates storing grain Stuart Symington subcommittee SUMMA Three State Warehouse tion U.S. Department U.S. SENATE UGSA Uniform Grain Storage warehouseman wheat YOUNG of North