Spatial Price Discovery, Dynamics, and Leadership in Evolving Distiller’s Grain Markets

Recent dramatic growth in corn-based bio-refining has generated considerable growth in the by-product of this process, distiller’s grains. Distiller’s grains are rapidly becoming important livestock feed ingredient sources. However, little public market information is available on distiller’s grain. This study determines spatial and temporal price relationships among distiller’s grain markets. Results indicate spatial distiller’s grain markets operate somewhat independently suggesting potential arbitrage opportunities and indicating distiller’s grain markets are information starved. Furthermore, available futures markets are not viable price risk transfer tools for distiller’s grains.Crop Production/Industries, Demand and Price Analysis,

Evidence for spindle apparatus in somatic nuclei

Evidence for spindle apparatus in somatic nucle

Ultrastructure of slime

Ultrastructure of slim

Corporations - Provisions in Articles Authorizing Call of Common Stock at Option of Corporation

Amendments to the articles of organization of the defendant corporation provided that the board of directors might at any time purchase its common stock in whole or in part from any holder thereof. After the directors initiated proceedings to purchase a portion of the shares held by plaintiff, plaintiff brought a bill in equity asking that an injunction be issued to restrain the corporation from proceeding further. The superior court entered a decree for the defendant. On appeal, held, affirmed. The provision authorizing the call of common stock is neither forbidden by statute nor contrary to public policy. Lewis v. H.P. Hood & Sons, Inc., (Mass. 1954) 121 N.E. (2d) 850

Corporations - Charter - Change of Voting Right by Amendment

Defendant, incorporated in 1938 with an authorized capital stock of 500 shares, amended its articles of incorporation in 1940 to increase the common stock to 2,000 shares, and to authorize the issue of preferred stock. By the amendment, the voting power was vested exclusively in the common stock, with the exception that the holders of preferred stock would acquire temporary voting power upon default of four semi-annual dividends. Default in payment of dividends occurred and the preferred stockholders exercised the right to vote from 1943 on. In 1953, a second amendment was proposed and passed by a majority in interest vote of the common stockholders and a unanimous vote of the preferred stockholders. By this second amendment voting power was given equally, share for share, to the holders of both common stock and preferred stock. The plaintiffs, holders of common stock, brought suit in equity to have the 1953 amendment declared invalid, contending that it abrogated substantial property and contractual rights. The common pleas court held that the exclusive right of common stockholders to vote was not a property or contractual right. On appeal, held, affirmed. The amendment is one which concerns the internal management of the corporation rather than vested rights. Metzger v. George Washington Memorial Park, 380 Pa. 350, UO A. (2d) 423 (1955)

THORIUM BREEDER REACTOR EVALUATION. PART I. FUEL YIELD AND FUEL CYCLE COSTS IN FIVE THERMAL BREEDERS. APPENDICES

The performances of aqueous-homogeneous (AHBR), molten-salt (MSBR), liquid-bismuth (LBBR), gas-cooled graphite-moderated (GCBR), and deuterium- moderated gascooled (DGBR) breeder reactors were evaluated in respect to fuel yield, fuel cycle costs, and development status. A net electrical plant capability of 1000 Mwe was selected with continuous processing of fuel and fertile streams. The maximum annual fuel yields were 16, 7, 4, 4, and 4.5%/yr, respectively at a fuel cycle cost of 1.5 mills/kwhr. The minimum estimated fuel cycle costs were 0.9, 0.6, 1.0, 1.2, and 1.3 mills/kwhr at fuel yields of 7, 1, 1, 2, and 3%/yr. At a fuel yield of 4%/yr, the costs were 0.9, 0.9, 1.5, 1.5, and 1.3 mills/kwhr. Only the AHBR and the MSBR are capable of achieving fuel yields substantially in excess of 4%/yr, and therefore only these two can be listed with confidence as being able to satisfy the mdin criterion of the AEC long-range thorium breeder program i.e., a doubling time of 25 years or less. The development effort required to bring the various concepts to the stage where a prototype station could be designed was estimated to be least for the AHBR, somewhat more for the MSBR, and several times as much for the other systems. The AHBR was judged to rank first in regard to nuclear capability, fuel cycle potential, and status of development. (auth