Richmond Palladium (Daily), Volume 45, Number 161, 17 May 1920 — Page 12

PAGE TWELVE

THIS K1CHM0ND PALLADIUM AND SUN-TELEGRAM, MONDAY, MAY 17, 1920.

MARKETS WEAK AND : FEVERISH; FLOUR IS DOWN 50 GTS. BARREL

B WILLIAM R. SANBORN The Indianapolis hog market fluvtuated -within a comparatively narTow range last week, with a downward tendency. At the week end good heavies, which had ruled at from $14 25 to $15, on Saturday. May S, ranged at a loss of from 45 to 75 cents, at $13.50 to $14.55, Good mixed mediums were off 75 cents at $14.75. and fancy lights off 50 cents at $15, compared with one week ago. But one load of lights sold as high as $15 on Saturday, the hulk going at $14.60 to $14.75. General Bales were

between $13.50 and $14.75, which was' on a level with Friday's figures, in spite of receipts of 9.000 hogs on Saturday. Hogs weighing from 275 to 300 pounds sold at $13.75. while hogs weighing over S00 pounds brought but ?13.50. Due to lack of competition for pigs these reached the lowest level of the year. Good pigs sold at from $12 to $12.50. and mediums at $11.50 to $12. JVt these figures pigs were 75 cents to $1 below the range paid a week earlier. Packing sows were down to 511.50 and $12. Nearly 5.000 head were carried over, including Friday's surplus. Sales of hogs Saturday about S.500 head. . Cattle Firm and Stead But 350 cattle came In on Saturday and the small packers and speculators took care of them at Friday's rajige. Choice and prime heavies, 1.100 and Mp, sold at $13.00 to $13.50, very few tot the outside figure. Good steers were marketed at $12.50 and $13.00, while mediums sold at from $11.50 to SS12.50. Heifers ranged up from $S to 512.50 as to quality. Veals were a shade higher. Sales of good calves were made a $14 and 514.50. a f-w touching $15. Heavy waives went at $7 to $9. A few spring 3ambs brought $20, but the bulk went t - $17 to $18. Yearling wethers Ibrought $13 to $15 and medium, good land choice ewes sold for $9 to $10, with culls and common as low as $5 Ito $6.50. A heavy decrease in fresh pork coneumption is reported from the east, nd prices have been marked down liberally to stimulate demand. This fact is largely responsible for the (bearish situation as to hogs. Hogs ruled weak at Chicago on Saturday, and showed a material decline on the wpek. top being $14.80, with bulk of light going at $14.50 to $14.65. The break on Saturday represented 25 to 35 certs bolow Friday's range. Uest lambs wi-re about $1 lower on the week. Cattle ruled lower, also veals. The Grain Markets

The grain markets are beginning' to

look top heavy. True, May com sold at $1.97Ji on Saturday, a shade high

er than the last top, but this reflects speculative conditions more than actual merit. Very little com is reaching the central markets and stocks are so light that traders are playing ball with them. July corn reached $1.79 on Saturday, but closed 2 cents lower than the top. May oats closed at $1.06V's after selling at $1.07. May corn advanced 6 cents at Chicago last week. Wheat has broken 20 cents at Minneapolis, number 1 Northern spring uelling down to $3.15 on Saturday, on

which day the mills cut flour 50 cents per barrel in car loads. j The Chicago corn market is the! highest in the country, with No. 2 selling up to $2.17 last Saturday. Oats are very high there and arrivals are barely enough for local needs. Oats sold at $147 in New York last week. Prices to Remain High Except at Minneapolis, wheat Is at jts high mark, in spite of the crop improvement. Speaking with reference to the future outlook the market editor of the Chicago Tribune says: "Close students of market conditions, based on broad lines, do not look for materially lower prices. There might be a drop of 10 and 15 :ents In corn, oats and rye, and still it might leave them at a high level." As to wheat, he says: "Exporters re buying for deferred shipment at iGeorgian bay ports at $3.30 and at i$3.26 track in New York for shipment as late as August SI. They seem to want a whole lot of our wheat in Europe and are buying it in all markets. BOY WANTS FARM JOB. Carl Cosgrove, 15 years otd, 1215 'Sheridan street, Richmond, wants to "work on a farm this summer, he said tMonday. Here's a chance for some "Wayne county farmer to locate a little of that help so badly needed.

The Farm and the Farmer BY WILLIAM R. SANBORN

and looks very good. Weather conditions have been favorable. "Oats seeding is completed, but some of It was done under very unfavorable conditions. Frost on Thursday night did some damage in the more exposed and low places. "Barley seeding is completed, but

loed around Uewislmrg. Ohio, accord-1 !'vrab1Je conditions. This year's acre-

Ing to estimate of K. C. Crider, miller 1,1 "n "6"1-

at that point. "Wheat has made a!

HIMUHMIUI lIllMTM fulfill, ill lur mat three weeks, surprising many of us,

Rye continues to show Improve-

Weather conditions have been

j exceptionally favorable. , "The price and scarcity of seed will

materially reduce the potato acreage

JltS IS . "Tin.. -J 1 . . . ; . . 4 1.

good progress under favorable weather conditions. "Transplanting of tobacco has begun in a few places. Conditions are only

fair.

damage either to small fruits or tree

fruits. Present outlook is good. "Live stock continues in good condition. "Pastures are showing much im

provement. In many places stock Is

in fact," f paid, "and if nothing fur

ther happens to it we will all be satis

fiHJ." Mr. Crider states that

selling flour at $14 and paying $2.90 for wheat. Corn is bringing $1.75, oats $1.10 and rye $1.S0 a bushel. "I took in 600 bushels of wheat today." said Mr. Crider, "'and there is quite a lot of in in farmers' hands; one man has 1,100 bushels which he is holding for a better price. There are still 6,000 bushels of wheat in this vicinity which should soon be marketed." Asked as to how the farmers are

talking about hogs, he stated that j being turned on them

iimuj ui luem are bo ujsgusiea wun the trend of prices that they are selling feeders Instead of fattening them, fl rwl that tVia C 'i tii . ; .. .i a nattlA

vu .ic.ii.icr in 1 1 uc a.o lu value:, j Some talk of quitting feeding alto-l gether until the price of feeds and live

stock strikes a closer balance. Very little corn has yet been planted. Pastures are looking pretty good. Red Clover in Wheat M. T. Pyle, who has a farm on the Boston pike and another north of

Richmond, is experimenting with red :

clover and timothy in his wheat this year. He has 45 acres in wheat which has improved so much of late that he now hopes for a half crop, possibly better. Mr. Pyle reports a loss of half of his spring pigs. There is a dairy herd on one of his places and he says the pastures are so backward that cattle can just manage to live on them as yet. As to the cost of milk, which should presumably be lowered at this season, his dairyman says that milk is costing- more now than in January, for feeds are higher, and there is so little grass. Plowed Up 60 Acres. Lon Nipp, living near Pershing, says that he planted 105 acres in wheat last fall, of which he has plowed 60 for corn and oats. The 45 remaining acres looks fine enough to promise a good crop. He reports wheat very "spotted", with good fields of late planted grain here and there. Corn is going in at a lively rate just now. Potatoes From Denmark. The steamship Cracow, hailing from Copenhagen, Denmark, is rushing to our relief with 8,000 tons of potatoes. Trailing her closely are the Lake Festus, Toledo Bridge, and the Frederick VTH, all potato laden, at least in part, though the potato tonnage is not known. All four vessels are from Denmark and are about due in New York. Average $250 Per Head. Forty-nine head of Holstein cattle sold at Fon du Lac, Wis., for a total

of $14,680 last week, or an average of $250 per head. This was a combination sale of Wisconsin breders. The top price for a cow was $6C0.

Johnson. Madison, Marion, Morgan, Rush, Shelby, Tipton, Blackford, Delaware, Fayette, Henry, Jay, Randolph, Union and Wayne counties. The condition for Wayne at 54 is also the lowest in the grdup, with the exception of Union county, which is given at 45 per cent. At the head of the list in prespects tor' wheat Btands Johnson county, per cent to be harvested, 80, condition, 88 per cent. While Madison county has a percentage of 84 to be harvested, its condition is but 75 per cent, compared with last year. Next in line comes Blackford county with per cent to be harvested set at 72 and the condition at 90. This is the highest condition estimate in the two districts. Rye is a different story. Both percentage of acreage and condition leads

the estimates or last year at corres

Frosts on Thursday night did slight; ponding date. In Wayne county we

nave also iaiien oown a. iniie uu rye. We shall harvest but 84 per cent of last year's acreage and the condition is 90 compared with one year ago.

Frosts of Last Week Did Little Damage, Says Bryant; Rains Are Retarding Work The weekly crop report of George C. Bryant, field agent of the co-operative crop reporting service for Indiana, is

I as follows :

"Plowing and seeding in Indiana was

again seriously handicapped by rains

the first of the week. Light to killing frosts occurred in various sections of

the state Thursday night, but little!

damage was done to any except truck

crops.

"Not much corn lias been planted to

date and much of the ground is yet to

te prepared. Rains during the early

part of the week further retarded the

work. "Weather conditions have continued excellent during the week for the winter wheat crop. The top growth is siow but substantial . "Spring wheat is up in some fields

ASK FOR and GE1 The Original Malted Milk for Infants and Invalids Avoid Imitations and SnbsM"--

WAYNE WHEAT IS LOW OF DISTRICT The official crop reporter for Ind

iana makes a discouraging estimate of the wheat crop for the coming harvest. This estimate is based on fig

ures gathered up to -May 1Z, since which time there has been some improvement reported, especially in this section. Compared with the acreage planted last year his estimate is that Wayne county will harvest but 46 per cent, and gives the condition at but 54 per cent against 84 per cent on same date in 1919. This is the lowest percentage as to acreage in either the fifth or sixth crop-reporting districts, comprising

Farm Federation

As a result of the lead taken by

the Indiana Federation of Farmers' Associations in the collection of livestock data, whereby the farmers might be advised as to the best time in which to ship their product, and if possible, keep a steady flow to the

market, a uniform plan of operation is to b installed by all of the leading Btate associations of farmers in the middle west. By working through a plan of close co-operation and on the uniform basis, the officers of the federation believe that the live stock reporting service will prove of great benefit to the producers. Under the new plan each state will compile its survey of live stock following out the township and county tabulation form which will show approximately when this stock will be ready for the market, and an exchange of these state surveys is to be made

eo as to cover the entire middle west. The producers hope that the data which will be obtained by pushing these surveys will assist materially in stabilizing market conditions. A committee composed of E. H. Cunningham, t-eeretary of the Iowa Farm Bureau federation; W. A. McKerrow, of the Minnesota association; H. W. Mulford, of the Illinois Agriculture association, und Lewis Taylor, general secretary of the Indiana Federation of Farmers' associations, has been appointed to work out a uniform blank and plan which will avoid any duplication.

The officers of the Federation of!

Indiana Farmers were meeting at Itt

dianapolis Monday. Presidents and secretaries of the county federations t were to be present. The program provides for a discussion of co-operative elevators, live stock shipping, pooling of the wool clip, uniform membership campaigns, road building campaigns, etc The first subject to come up for discussion, however, was the charges made by the Farmers' Guide against the management of the federation. The meeting will continue all day and evening.

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