Richmond Palladium (Daily), Volume 45, Number 196, 25 June 1920 — Page 7

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, FRIDAY, JUNE 25, 1920.

HOW TO FINANCE GRAIN, 1 0 BE TOPIC OF CHICAGO MEET

By WILLIAM R. SANBORN. A meeting of vital interest to the grain trade will be held by the 'Committee of lfi" at Chicago on July 6. ThiB committee will take up the discussion of plans for a reopening of trading in wheat futures. With the harvest of new wheat crop now on and the movement now at hand, there is an increasing disposition on the part of interior cash grain handlers to seek security in a hedging market. ThU kind of a market dealers have not had at any point, since the government first fixed the wheat minimum and the United States Grain Corporation virtually took over the grain crops by furnishing an unlimited market at ihe minimum price, at all central marke's where farmers or dealers might ship. Iowa Bankers Take Action. Iowa bankers have many millions tird up in grain in store in that state. The estimate is that there are 100,000,000 bushels of various grains in Iowa, on most of which banks have loans, and the money involved will now be badly needed to finance the new crop. The banks also have heavy live stock loans to farmers, "who are unable to market for lack of cars." Loans on niiove commodities represent the largest total for any state in the Chicago Reserve district. A committee of bankers Is now in Washington to ask the interstate commerce commission for a preferential order for freieht cars for Iowa, to move the Brain now in store, to make room for the incoming crop and to thus free millions of dollars in loans now tied up because the grain has not been moved to central markets and paid for. The claim is made that a serious situation will develop unless last gear's crop moves before the new crop harvested. Financing Wool Clip. F. R. Marshall, secretary of the National Wool Growers' association, announces from Washington that plans for the financing of the wool growers have been worked out at conferences of the Federal Reserve Board. According to Mr. Marshall: "A wool grower may ship his wool to one of the usual poirts of distribution, and may draw aga nst his bill of lading for such an amount as he and his banker may ag'ee on. The Federal Reserve act authorizes any member bank to accent a draft secured in this manner, the draft to mature in not more than six nonths. The same act provides for a rediscount of this paper for an addiional three months, after the first maturity, also for loans on warehouse receipts. Wool growers believe this loan plan practical and that it will be sufficient to tide them over until there is a normal wool market. As with grain, so with wool. Millions of pounds are held in every wool

state and cars to move wool from in- j

terior points to warehouse centers are a paramount, consideration; just as with grain at country points.

awaits the coming of tlie first conven--tion of the American Legion of Indiana which is to be held in this city June j 27, 28 and 29. Every 'public building has been! thrown open and every citizen of Vin-! cennes has been made a member of the reception committee which will j

devote its entire time to caring for the 7,000 visitors who are expected from all parts of Indiana. Business will practically be suspended during the convention in order that local as well as visiting people may participate in the $25,000 worth of entertainment that will be offered.

The Farm and the Farmer BY WILLIAM R. SANBORN

Bean Rust: Avoid It

E. E. RICE. Garden Supervisor. Don't pick the beans when the dew Is on them or after a rain. In fact, don't even walk through the beans when the vines are wet. There is only one ailment of the string bean, and that Is rust, and it isn't likely to cause any bother if the warning against disturbing the vines when they are wet is followed. A walk through the beans, when wet after a rain, means there will be a path of rust to correspond. Above all, don't try to hoe the bearing vines when they are wet. String beans may be planted every week until midsummer for a continuous succession crop. A twenty-five-foot row with the plants six inches apart is enough for the average family.

According to Eden Martindale some I of the Greensfork district farmers will j cut their wheat pretty green "because I it is falling down." He states that a

lot of samples of growing wheat were brought to the elevator on Thursday . mhty good to me." Some farmers will cut wheat next 11j StUU. Mr. Martindale stated that he had ordered 115 wool bags so far, and that uiey ouid use 30 or more for their own purchases of wool made two weeks or so ago. There have been reports from various farmers of "falling wheat," in flyInfested fields, and whil this mm-

nlaint is by no means general, or the losTse- reported li?avy, Eti.l, it is likely to hasten the cutting, here and there. Harvest Two Weeks Away. Frank M. Campbell, of College Cor

ner, says: "I don't think we shall cut j

any wneat down this way for at least two weeks. Haven't heard much complaint of fly infested wheat falling down, but some fields show this in spots. Wheat has improved and there are some promising fields but no great crop in sight." Mr. Campbell said that he attended

Herrera Government 0. K.'d l

! WASHINGTON, D. C. June 25. The Hflfroi-a ffAvornnicnf in nontomolo '

which succeeded that of Dr. Estrada i Cabrera, has been recognized by the

United States, it was announced at the state department.

Makes Friends Friendlier. '? If corks could talk they would tell people

to drink Mff ft

De-alcoholized instead of just thirsting around.

Lmerican Legion

VINCENNES. Ind.. June 25. With

lags flying from hundreds of residen-! ces. the streets, down town and public! buildings handsomely decorated and i everything in readiness, Vincennes

SOME folks doubt the wisdom of age. But there isn't a soul who ever drank Battleship Coffee who doesn't say that we have put our forty years of producing good coffee to wonderful account. An investment in one pound of Battleship Coffee pays you double dividends in all -satisfying coffee happiness. Ask your grocer today. Coffee The Perfect Drink

THE CANBY, ACH & CANBY CO.

Dayton, Ohio

I I

A Slaughter of Prices Sensational Reductions On Desirable Clothing Dress up in new clothes for the holiday at these BIG SAVINGS. Such BARGAIN&come only ONCE a season. Here's your chance.

Ladiea' & Misses' SUITS

All

T $36

Suit Formerly Up fflQjy

Othr Saving la Proportion

Summer fl QQ Pretty, dainty new style in DRESSES P'C plain and fancy voiles, ging- . . M nn bams, rgandiea, dotted Special - - swiss, etc Wmmderful Bargaim Situational Offer fCP Silk $098 Silk GeorgetU$ o 98 vOy CAMISOLES j WAISTS - J

Men's & Young Men's

SUITS

wrtk U2.se us

ORE

w 23 17

It makes no difference whether you have the money or not. You can take advantage of these bargains by paying only a small amount down and the balance in easy payments, as you can most comeniently afford. Aof Cheap Clothing But GOOD Clothing Cheaper

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B9 w.

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830 MAIN ST.

RICHMOND. IND..

the meeting of heg men at Richmond cn WtdneLday night an! wa2 anion? those who had bought some of the tonic" which is alleged to have done so much damage. He had not opened his shipment yet, "and may fire it back, as he doesn't Intend to try it out." Says, too. that corn stands short but seems to be rooted well and is growing fast since the rains.

PAGE SEVEN

A sign discovered in a tailor's shop in Pompeii reads: "Creases ironed in your togas while you wait."

GALVESTON GOES AFTER , f-ircr s frr a long drawn out campaign RATS IN PLAGUE FIGHT cf rat extermination in the fight (By Associated press) J against the spread of the bubonic GALVESTON, Tex., June 23. With j plague got well under way. The fight the aid of half a score of public health is expected to last a year, and the service experts th.? mobilization oft total cost was estimated at $150,000.

mmMTj! mat'

Clem Thistlethwaite's. Richmond. Ind.

The N

ew U. So Grainless Rubber,

olid Truck Tire Is

MOTOR truck owners and operators who are interested in the efficient and economical operation of their trucks will be glad to know that we are now ready to supply them with the new U. S. Grainless Rubber Solid Truck Tire. This tire overcomes the two great causes of solid tire waste splitting and base separation. Splitting by removing the grain which allowed splits to develop in the old type of solid Base separation by affecting

a chemical union between the steel and the rubber, A positive permanent advance in solid tire manufacture. As representatives of U. S. Tires in this city, we are in constant touch with the latest developments in tire progress. Bring your truck tire problems to us. When a motor truck comes to our Service Station, it goes away with the kind of tire that was built for it that will give its owner the best and most economical tire service possible or we want to know the reason why. In purchasing a new truck consult us about the type of tires to specify.

UiniBtdl

CHENOWETH AUTO CO.

1107 MAIN STREET

RICHMOND, IND.

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"IT'S EASY TO FOOL A WOMAN" So saying, he 'phoned Friend Wife he'd been "called away on business" BUT

Friend Wife wasn't so easily fooled. See

iouglass A f aeLean

ret M;

m "WHAT'S YOUR HUSBAND DOING?' At The Washington Starting Sunday

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TRADE YOUR SILENT PIANO FOR A VICTROLA

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Phone 2275 WALTER B. FULGHUM 1000 Main

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