Evening Republican, Volume 17, Number 94, Rensselaer, Jasper County, 19 April 1913 — Twine Prices Will Be Much Higher This Tear. [ARTICLE]

Twine Prices Will Be Much Higher This Tear.

Indiana farmers wiR feel the effects of the Mexican revolution when they buy their binder twine this year. Twine marketed at the Michigan City prison wjll cost 9 cents a pound in less than car load lots I. o. b. at Michigan City, and 8% cents a pound in car load lots of 30,000 pounds. Last year’s prices were 6y s and 6% cents. Warden Fo: garty explains the increased priees by'the heavy advance in the cost of sisal, most of which is grown in Mexico. The revolution cut down the production and a syndicate of Mexican bankers loaned the planters $15,000,000 so they could withhold their crops from the market until prices go up. Sisal for the, prison plant was purchased at $3.95 a hundred pounds last year, but this year the price is $7.21.