Richmond Palladium (Daily), Volume 46, Number 208, 13 July 1921 — Page 10
i'AGE TEN
THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND.. WEDNESDAY, JULY 13, 1921.
Markets
GKA1N MUCUS Furnished by E. W. WAGNER & CO., 212 Union National Bank Buildirra.
CHICAGO, July 13. Lot3 of bull news and more beat likely but the 13 cent wheat upturn since July 11 Is. liberal these uays. On a 670 winter; and 210 spring wneat we can figure aj 204 million old and new surplus. We, cannot figure belod 210 spring wheat even If near a 65 per cent condition I cannot figure below 210 spring wheat
got below 210 million; in 1916 it ran 158 million. . Southwest receipts liberal and cash wheat up with futures. Weekly U. S. crop report did not suit extreme bulls. Overnight markets look high enough. RANGE OF FUTURES. Furnished by E. W. WAGNER & CO., 212 Union National Bank Building. CHICAGO, July 13. Following is the range of futures on Chicago board of trade today: Open High Low Close Wheat July ....1.2594 130 1.24 1.29 Sept. ...1.26 1.29 1.24 1.28 Dec 1.29 1.32 H 127 1.31 Rye. July ....1.23 1.28 1.23'i 1.26V4 Corn. . July 64 .66 .64 .65 Sept 63 .64 .62 . Oats. July 38 .39 .38 .3Si Sept 40 .41 .3974 .40 Pork. July ...18.40 18.40 Lard. July ...11.40 11.40 Ribs. July ...10.80 10.80
(Py Associated Pras) CHICAGO, July 13. Wheat No. 2 red, $1.2581.29; No. 2 hard, $1.26 ro1.29. Corn No. 2 mixed, 644 65; No. 2 yellow, 6465. OatsNo. 2 white, 38 39; No. 3 white, 3637. Pork, nominal; ribs, $10.5011.50; lard, fll.4011.45.
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bulls, $5.005.50; bologna cows, $2.00 3.00; calves, $8.0010.00. Sheep Market, steady; $2.003.00. Lambs $5.007.00.
(By Associated Press) PITTSBURG, Pa.. July 13. HogsReceipts, 1,500; market, steady; heavies, $10; heavy yorkers, $10.7511; light yorkers $10.75011; pigs, $10.75 !11. Sheep and Lambs Receipts, 300; market, steady; top sheep. $5.50; top lambs, $11.50. Calves Receipts, 100; market, lower; top, $12.
Second 4 86.92 Third 4 91.00 Fourth 4,i 87.06 Victory 3 92,28 Victory 4, 9s!s0
(By Associated Press) TOLEDO, O., July 13. Clover seed Prime cash, $13; Feb. $11:85; March $11.80; Oct., $12; Dec, $11.75. Alsike Prime cash, $10.35; Aug., $10.35; Oct., $10.50. Timothy Prime cash, $2.90; Sept. $315; Oct., $3.05; Dec, $3.10.
fBy Associated Press)
CINCINNATI. Julv 13 Wheat No. I
2 red, $1.28; No. 3 red, $1.2501.26; j other grades as to quality, $1.151.24. Corn No. 2 white, 7172c; No.!
3 wbite, 70 71c; No. 4 white, 506Sc No. 3 yellow, 66 67c; No. 4 yellow, 64065c; No. 2 mixed, 65:366c. Oats 3639c. Rye $1.20 1.22. Hay $15.00 21.75.
(By Associated Press.! CINCINNATI, 0.. July 13. Receipts Cattle, 800; Hogs, 4,000; Sheep, 8,000. Cattle Market, steady: Steers, good to choice, $7.258.25; fair to good, $6.50 7.25; common to fair, $4.00(g6.50. Heifers, good to choice, $6.50(58.50; fair to good, $5.506.50; common to fair, $4.005.50. Cows, good to choice, f4.50a5.50; fair to good, $3.504.50; cutters, $2.503.50; canners, $1.00 2.00. Stock steers, $5.0O6.5O; stock heifers, $4.00(9.00; stock cows. $2.50(53.00. Bulls, strong; bologna, $4.5O6.00; fat bulls, $6.02 6.50. Milch cows, strong; $25a85. Calves, 50c to $1 lower; good to choice, $9.5010.00; fair, $7.509.00. Hogs steady to 20(25 cents lower; heavies, $9.75 10.00; good to choice packers and butchers, $10.15; medium, $10.15; stags, $5.0O5.75; common to choice heavy fat sows, $6.507.75; light shippers, $10.25; pigs, 110 pounds and less, $7.0010.25. Sheep Steady; good to choice lights. $4.004.50; fair to good, $2.00 (i4.00; common to fair, $1.001.50; bucks, $2.003.00. Lambs Steady to 50 cents lower; good to choice, $10.50(&11.00; fair to good, 8.00(10.50; common to fair, ?3.50&4.50; skips, $7.50.
LIVE STOCK PRICES (By Associated Press) INDIANA POLTS. July 13 Hosts Receipts, 9.500: lower; cattle. receipts. 1.200; hisrher. Calves Receipts, &00; lower. fcUtep Kecelpts, 6"0; unchanged. nog Top price $10 40 Most sales, all weights.. 10 15R10 25 MixeJ and assorted 160 to 200 lbs 10 1510 25 Mixed and assorted 200 to 225 lbs 10 03 10 15 Mivd and assorted 225 to 2.'0 lbs 10 03 Mixed and assorted, 250 lbs. up 9 90 Oood pigs 10 23 down Sows according toquality 7 25 'ni 8 25 Most of good sows 7 7 5 'ft1 8 00 Salon In truck market... 10 ISCulO 25 Most sales year ago IS 13 Cattle KILLING STEEKS Oood to choice, 1.250 lbs. up 8 G0' S 75 Common to medium, 1.250 lbs. up 7 75Q) 8 40 Good to choice, 1,100 to 1.200 lbs 8 50 9 00 Common to medium, 1,100 to 1,200 lbs 7 50 8 50 Good to choice, 900 to 1.050 lbs 7 73 8 75 Common to medium, 900 1,050 lbs 7 00 7 50 Good to best under 900 lbs 7 00 S 00 Poor to medium, under 900 lbs 6 00 lit 7 00 Oood to best y t-arlings . . . S 25'ti 9 00 Uabv beef cattle 9 25 down HK1KEKS Good to best 7 00 8 00 Common to medium, 800 lbs. up 5 50.5i6 50 Oood to best under 800 lbs. 7 50(fjS 50 Common to medium, under SOO lbs 6 00 7 00 COWS Good to best. 1.050 lbs. up 5 50 6 25 Common to medium, 1,050 lbs. up 4 50 5 25 Good to choice, under 1.050 lbs. . 4 50 5 25 Common to fair, under 1,050 lbs 3 BOsfi) 4 23 Poor to good cutters .... 2 50r,o 3 25 Poor to good canners ... 1 50f 2 00 BCLLS Good to best. 1,300 lbs. up 4 00 4 50 Good to choice, under 1.H00 lbs 4 50ii 5 50 Fair to medium, under 1.300 lbs 4 00 4 50 Common to good bologna 3 50 4 25 CALVES Good to choice veals, under 200 lbs 10 00 11 00 Common to medium veals. Good to choice heavy . ... 8 00 Q 9 00 Good to choice heavy calves 6 00 7 00 Common to medium heavy calves 5 00(9 6 00 STOCKKKS & FEEDING CATTLE Good to choice steers, SOO lbs. and up 5 50 6 50 Common to fair steers, 800 lbs. up 5 00 5 50 Good to choice steers, under 800 lbs 5 OOf 5 50 Common to fair steers, under SOO lbs 4 00(3 4 50 Medium to good heifers.. 4 oOfj) 5 50 Medium to good cows ... u 004f 4 00 btock calves. 250 to 400 j lbs 5 00 6 00 Native Mieep and I.amba.
Good to choice light sheep 2 00 3 00 Good to choice heavy sheep 1 50SJ 2 00 Common to medium sheep b0iv 1 00 Jood to best spring lambs 9 OOijjlO 00 Common to medium yearlings 3 50 4 00 3ood to best yearling lambs 8 50 10 00 3ood to choice yaerlings 4 50ro 5 50 Other young lambs 5 40 Gr- 8 00 spring lambs 7 00 (t 8 00 Uucks, 100 lbs. 1 00o 1 50 DAYTON MARKET Corrected by McLean Company, Dayton, O.. Bell Phone, East 23. Home Phone, 81235. DAYTOX. O., July 13 Hogs Re:eipts seven cars; market 10c lower; :hoice heavies, $9.90; butchers and packers, $9.90; heavy Yorkers, $9.90; light Yorkers, $9.90; choice fat sows, S6.50Q7.00; common to fair, $5.00(3 55.50; pigs, $9.5009.90; stags, $4.00 5.00. Cattle Receipts, five cars; market iteady; fair to good shippers, $7.50 ft 8.00; good to choice butchers, $7.00 f?7.50; fair to medium butchers. $6.50 ?7.00; good to fat cows. $5.005.50; D)logna bulls, $4.00'3 5.00; butcher
(By Associated Press) EAST BUFFALO, July 13. CattleReceipts, 100; slow. Calves Receipts 200; 50c lower; $512. Hogs Receipts, 1,080; steady to 10c higher; heavy, $10.5010.60; mixed, $10.60 10.75; yorkers, $10.75; light yorkers and pigs. $11; roughs, $8; stags, $4.50 (3 6. Sheep and lambs Receipts, 200; steady; unchanged.
(By Associated Press1) CHICAGO, United States Bureau of Markets. July 13. Cattle Receipts, 10.000; better grades steer and yearling steady; others dull; top yearlings, $9.40; best heavy steers early, $8.90; bulk beef steers, $7.258.75; bulls and she stock. 15c lower; bulk fat cows and heifers, $4.756.75; bulk bolognas largely $5 5.50; butcher bulls mostly, $6 6.50; veal calves, stockers, and feeders steady; bulk vealers, $10.75'11.50. Hogs Receipts, 21,000; better grades light , and mediums active; steady to 10c lower ; others slow; 10c to 25c lower than yesterday's average; packing grades off most; top. $10.05; bulk better grades, $9.3510; bulk packing sows, $8.20 S.6.0; pigs, steady to strong; bulk desirable, $9.75 tfi9.90. Sheer) Receirta. 1 9.000 1 fat
lambs opened 25c lower; packer top natives, $10; no westerns sold early; best bid, $11; sheep firm; choice light yearlings, wethers, $8.50; feeder lambs steady; best $7.
PRODUCE MARKET (Ey Associated Press) INDIANAPOLIS. July 13. ButterFresh prints, 3739; packing stock, 14 S 15c. Eggs 23 25c. FOWLS Under 4 lbs.. 19c; broilers. V3 lbs. up, 23c; under 2 lbs. 2i 30c; leghorns. 25c; roosters, 912c; young toms, 2730c; capons, 3842c; hens, 2730c; squabs, 11 lbs. to the dozen, $5.00; rabbits, $2.502.75 per dozen; spring ducks, 1315c; squabs, 1620c; geese, 10 lbs. 1013c.
(The Joe Frank Company, 923 Xenla Avenue. Bell, East 2319. Home 3485.) DAYTON. July 12. Poultry Alive, paying: old hens, 20c lb.; roosters, 12c lb.; spring chickens, 25c lb. Eggs Fresh, paying, 21c dozen. Butter Creamery, paying, 32a
fBy Associated Press) CHICAGO, July 13. Butter Market, higher; creamery firsts, 34381.. Eggs Receipts, 9,265 cases; market, unchanged. Live poultry Market, unchanged. Potatoes Stronger; receipts, 18 cars; Virgian eastern shore, $4.755 bbl: Norfolk, $44.25 a bbl.; Carolina, $3.754 bbl. Missouri early Ohios, $22.15 cwt.
(By Associated Press) CINCINNATI, July 13 Whole milk creamery butter, 41c. Eggs Prime firsts, 29c; firsts, 26c; seconds, 18c. Poultry Broilers, 25 35c; springers, 25c; hens, 26c; turkeys, 30c.
LIBERTY BONDS (By Associated Press) NEW YORK, July 13. Final prices on Liberty bonds today were: 34 $S6.E4 First 4 87.00 Second 4 86.96 First 414 87.14
20 Discount on all Re
pairing during August.
July and
DUSTY'S SKQE REBUIiios
OPfOSlTt IH S7Q
Y. SS
so srcPsmtTt or 64$ ofFxe
STORES
NEW YORK STOCKS. (By Associated Press NEW YORK, July 13. Close. American Can. 26 Am. Smelting, bid 37 Anaconda 37 Atchison 82 Baldwin Locomotive 75 Bethlehem Steel, B 4S Central Leather 25 Chesapeake & Ohio 53 C. R. I. & Pacific 31 Chino Copper 2278 Crucible Steel 55 Cuba Cane Sugar sii General Motors 11 Goodrich Tires, bid 29 Mexican Petroleum 106 New York Central 69 ii Pennsylvania 34 Reading 68 Republic Iron and Steel 47 Sinclair Oil 20 Southern Pacific 7514 Southern Railroad 20 Studebaker go 14 Union Pacific 119i4 U. S. Rubber 48 TJ. S. Steel 7414 Utah Copper 4g
LOCAL HAY MARKET Old Hay Steady; No. 1 timothy, $15; clover, $12; heavy mixed, $14. New Hay Timothy, mixed, $10 ton; clover, $8 ton.
INDIANAPOLIS, July 13. Hav firm; No. 1 timothy, $18.50 19; No. 2 timothy, $1818.50; No. 1 clover, $1617.
BUTTER QUOTATIONS The wholesale price for creamery butter is 39 cent3 a pound. Butter fats delivered in Richmond bring 37 cents a pound.
FRUIT and VEGETABLES Tomatoes, 30c 10.: leaf lettuce, 30c lb.; head lettuce, 40c lb.: onions. 10c lb; Bermuda onions, luc lb.: parsley, 15 cents a bunch; garlic. F0 cents lb.; new cabbage, 12c lb.; .sweet potatoes, 10 cent3 lb.; ereen mangoes, 5c each; cucumbers, 13 cents each; turnips, 15c lb.; new carrots, 10c bunch; celery 25c bunch; Brussel sprouts 50c quart; radishes. 5 cents per bunch; beets, 10 cents per bunch; artichokes 35c each; green beans, 15c lb.; wax beans, 20c lb.; asparagus, 5c bunch; new corn. 50c dozen; green peas, 20c lb.; pineapples, 25c each; new peaches 10c lb.; summer spash, 15c each. PRODUCE BUYING Country butter, 22 cents lb.; eggs 24c cents dozen; chickens, 18 cents a pound. FRUITS Bananas, 15c lb.; lemons, 60c doz.; oranges, 50 cents per dozen; grapefruit, 20c each; new apples, 20c lb.; Winesap apples 15c lb., 2 for 25c; cocoanuts, 20c each; English walnuts, 4555c lb.; chestnuts, 50c lb. LOCAL GRAIN MARKET Richmond flour mills are paying $1.05 for No. 2 wheat.
LOCAL QUOTATIONS (Furnished by Whelanj BUYING Oats, 32c; rye, 90c; corn, 55 cents; straw, $8 per ton. SELLING Oil meal .per ton, $45.00; per hundredweight, $2.35. Tankage, 60 per cent, $53.50 per ton; per cwt., $2.75; bran, per ton, $27.00; per cwt., $1.50. Barrel salt, $3.50, .;rd Dog or White Middlings, per ton, ?38.00; per cwt., $2.00 alta middlings, $30.00 per ton; $1.65 per cwt.; Standard Middlings, $27.00 a ton; $1.50 cwt.
tock Feeders
Car of
TANKAGE
on track
per ton
60 Swift Tankage HOOSIER FEED FEEDER CO.
6 & S. A.
Phone 2063.
Ladies' Dresses
Voiles, Organdies and Ginghams $3.93 to $3.98 UNION STORE 830 Main. Generous Credit
WHEAT, OATS, TOBACCO AND GRAPES, DECLINE, STATESJHIO REPORT COLUMBUS, O., July 13. Declines in condition of wheat, oats, tobacco and grapes crops in Ohio, with a better than usual condition for corn, are shown by the July 1 crop report. Acreages have been slightly reduced for corn, and are markedly less for tobacco. A 11 per. cent decline for wheat since June 1 is blamed on the hot dry weather of June. The United States decline was one per cent as compared with Ohio's 11 per cent, in the same period. Spring wheat shows a condition of 74 per cent of normal iu Ohio, and 81 per cent in the United States compared with 88 per cent last year and a 10 year average of 85 per cent. Carry Over Wheat Carry-over of wheat on farms in the whole country is estimated at 54,435,000 bushels, compared with 47.620,000 bushels last year and a 10 year average of 29,328.000 bushels. 1 Oats condition has declined from 84 per cent of normal June 1 to 72 per cent of normal on July 1. The 10 year average for July 1 is 84 per cent for Ohio and 85 per cent for the whole country. j Corn acreage as lessened by 75.000 acres this year in Ohio, but has increased by 4,300,000 or about 4 per cent acres for the country. The condition is placed at 87 per cent againsi a 10 year average of S5 per cent. Tobacco acreage in Ohio is 42,200 this year compared with 63,000 acres last year. Condition also is poorer than last year, being rated at 76 per cent, compared with 85 per cent a year ago. The acreage over the whole country shows about 25 per cent less than last year. Less Timothy Timothy acreage Is less by about 2 per cent. Condition of timothy is 80 per cent; of clover, 75 per cent; alfalfa. 85 per cent of a full crop, and pastures are at 82 per cent. Barley and rye are in fair condition. Where grown commercially in Ohio, grapes are only 30 per cent of normal. Arceage has increased, however, by five to 10 per cent. Apple condition has declined from 33 per cent in June to 22 per cent this month. Peaches are in a seven per cent condition; pears, 12 per cent, and blackberries, 70 to 75 per cent. All truck crops are in fairly good condition. Crop conditions on July 1 of this year and last for southwest Ohio, including Preble and Darke counties, are: corn, 1920, 85 per cent, 1921, 81 per cent; wheat, 1920, 70 per cent, 1921, 79 per cent; oats, 1920, 90 per cent, 1921, 62 per cent; hay, 1920, 77 per cent, 1921, 78 per cent; potatoes, 1920, 88 per cent. 1921, 67 per cent; pasture, 1920, 86 per cent, 1921, 80 per cent
The Farm and The Farmer By William R. Sanborn
New Zealand experimenters have succeeded in having bees accept artificial combs made of aluminum, coated with wax.
fstraw Hats and Cool SummVrSuits-
mea
Mr A. B. Parke, of the Boston elevator, says that so far no farmer had mentioned any damage from chinch bugs, either to wheat or corn. And he stated that he believed the same could be said of the district around Kitchell, in Union county. Mr. Parke thinks that the majority of the farmers in his section favor selling direct from the machines, at least it looks that way About 2,000 bushels of wheat came in on Monday and a procession of wagons made business fairly lively all day Tuesday. Within the next few days we shall be able to compare wheat option prices with those prevailing one year ago, when the speculative market on wheat opened after being closed by the government during the war period. Corn, oats and rye trading was not interferred with, it will be remembered. A reference to this date in 1920 shows that July corn sold at $1.52 and September at $1.58, while July oats ranged at 97 to 98 cents, with the September option going at 80 to 81 cents. Wheat in Union County. Will Fosdick, of Crestview farm just outside of Liberty, is not enthusiastic over the wheat crop down his way. so far as he is informed. He thinks "the crop on old ground will run from 8 to 15 bushels, and on fallow ground there may now and then be a 20-bushel crop." Mr. Fosdick says there is some pretty light wheat
in Union county, largely owing to fly; infestation during .the warm weather, last fall. The Fosdicks had 65 acres! in wheat this season, but are unable to tell how it will run as it has not' been threshed. The number of hogsj at Crestview have been reduced com-1
pared with last year, the price and apparent tendency of the market last spring not being to Mr. Fosdick's liking. Foreigners Buying Wheat Options. Argentine speculators are credited with the purchase of 1,000,000 bushels of wheat futures in Chicago on Tuesday. It is not expected that the buyers will take this wheat for shipment to Argentina, as that country is a large exporter The deal must be considered purely speculative and based on reports of damage in Europe through drought and to damage from rust and dry weather in our own northwest. Had the six-cent advance in wheat and the three-cent advance in corn at Chicago on Tuesday taken place under normal conditions farmers might claim that something beneficial to the entire country had occurred. The facts are quite to the contrary. Shorts were frightened by the continued re
ports of deterioration from rust In!
wneat and dry weather in the corn belt These two causes indicated calamity rather than prosperity and the more we have of such advances the poorer we shall be. Chicago Cash Pretty Steady. It is worthy of remark that in
spite of the speculative flurry cash j
wneat and corn were only steady at Chicago on Tuesday, neither grain making an advance of over two cents.
But the Cincinnati cash marke responded promptly. No. 2 red wheat which sold at $1.19 on Monday rangec at $1.22 to $1.25 on Tuesday. Corr is also bringing more money at Cin cinnati than at Chicago, which is tb usual condition.
DEPRESSION BLAME FIXED BY FARMERS COLUMBUS, Ind., July 13. Excessive profits taien by middlemen, high freight rates, and high wages, are factors which will be reported to the joint agricultural commission at Washington as causes for the present agricultural depression, according to an inquiry conducted among Bartholomew
county farmers.
High wages for steel production, for machine workers, and for labor of all kinds pyramid the
the farmer buys, according to W. H.
.Newborn, presiaent or tne county farm bureau and president of the national threshermen's association. High freight rates are also a factor in boosting prices to the ultimate consumer.
Haag Washing Machines Metal and Wood Tub Dennis Implement Co. 15-17 S. 7th St
POLAR BEAR FLOUR 24-lb. Sack $1.25 At Your Grocer's OMER G. WHELAN 31-33 S. 6th St Phone 1679
LEE
Sells Good FORD TIRES
30x3 $9.75 30x3 '2 $11.73 No. 8 S. 7th St. Richmond
BOSTON STORE One Price to All
U. S. Blue Chambray Work Shirts, 79 Rapp's Cut Price Co.
525-529 Main St.
For the P
aoc
urest Drugs, compounded I urately, phone 1904 '
All Makes of Batteries Re-Charged, Repaired and Rebuilt. Free testing and free delivery Service RICHMOND BATTERY & RADIATOR CO. Phone 1365 12th and Main
1
Merchandise Going at and Below Cost THE WHEN 712 Main
BERTS CH SAYS
Why Pay More? , Ask for 3-B Coffee at 45c lb. Sterling Cash Grocery 1035 Main A. R. Berteh, Prop.
251(5
F the loss to industry through
unnecessary tnction could be entirely eliminated, it
would mean a saving of sufficient money to pay off the combined state debt of Illinois, Indiana, North Dakota, South Dakota, Iowa, Missouri and Kansas in a single year. Moody's Manual) It would represent twice the value of all the vessels produced in the United States in a normal year, and would be greater in value than the annual rye, barley, or rice crop. Statistical Abstract of U. S.) The value of power lost to industry through friction has been estimated to reach the staggering total of $185,000,000 annually. Industrial Oil Engineering) Realizing that friction is an undesirable partner of industry, and feeling its obligation as the leader among manufacturers of lubricants, the Standard Oil Company (Indiana) has for years maintained a staff of lubricating engineers and lubricating chemists, whose business it has been to consult with industrial engineers to solve for them their individual lubricating problems as they are presented. The services of these men are given without charge, and the saving effected has been great. When it is realized that every machine presents a friction problem, and that every industry, from cotton goods to corn flakes is dependent on proper lubrication for turning out its product efficiently, one function of the Standard Oil Company (Indiana) becomes more apparent. Standard Oil Company (Indiana) 910 South Michigan Ave., Chicago, IU.