Richmond Palladium (Daily), Volume 46, Number 226, 3 August 1921 — Page 10

PAGE TEN

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., WEDNESDAY, AUG. 3, 1921.

" i 1 Markets!

GRAIN 1'KKEs

Furnished by E. W. WAGNER & CO., 212 Union National Bank Building. CHICAGO, Aug. 3. Corn easier on rain improvement Wheat somewhat lrwer on dull export demand that is developing into a feature. If a bis export wheat business is proceeding, it-is well coucealed. Looks as if tho United Suites will be lucky to P CO to 60 million wheat and Hour Jn August, September and October. arainnt-vilO million, for same Period last frJI. New York hints at difference of export credits, however, corn export business of one-half million bushels per day seems to be progressing. United States weekly crop reports indicate much corn and pasture revived , Wheat statistics are secondary to this slow export inquiry. n-ita situation still slow. Over

night we require some export demand.

A closing rally aue. RANGE OF FUTURES Furnished by E. W. WAGNER & CO., " ' 212 Union National Bank Building. CHICAGO. Aug. 3. Following Is the range of futureB on Chicago board

of trade today: Open High Low Close Wheat Sept. ....1.2514 1-25 .1.23i 1.23J, Dec. ....1.29 1.29 1.26 1.26 Rye Sept. ...113 113 Vi 112 1.12 Corn Sepf ... .59 Vi .59 .58 .58 Dec. 59Va -60 -59 59 ' Oats Sept. ... .38 .38Vi .38 .38 Dec. 41 .41 .41 -41

Pork

Sept. Sept.

BRINGING UP FATHER BY McHJNUS

"R. XL & Pat. Of t-

WELL EVERYTrilNfi IN THE DEAR OLD VILLAGE

- - z

THERE'S THE OLD CWORCH-THE VILLAGE POMP ANO OLD JASPER'S

BARM AMD HERE'S ME OLD FRIEND

ZEB ACORN

VOU'RE RICHX EVERYTHiNC IS "THE SAME BUT THE V

polled down

PERKIM S WINDMILL,

VOU DONT TELL ME WHAT DID THEY DO THAT

FOR 7

i r r Arrv

I - 1 iT

I 1 well 1 reckom there . wasm:t enough wind tM THE VILLAGE FER JsS TWO VINOMIULS , J fm

.18.85 .12.22

Lard

Ribs

Sept. ..10.75

18.85 12.20 10.65

fBy Asociatd Press CINCINNATI, O.. Aug. 3. WheatNo. 2 red. $1.241.25; No. 3 red. $1.211.23; other grades as to quality 11.1501.20. Corn No. 2 white, 64c; No. 3 white. 6363c; No. 4 white. 6162c; Corn No. 2 yellow, cto- v a vellrtw. 64S641,4c: No. 4

yellow. 62 63c. Corn No. 2 mixed. 63&63c. Oats, 3136c. Rye, $1-13 1.14. Hay. 15$21. (By Associated Press) TOLEDO, O., Aug. 3. Cloverseed: Prime cash, $13.20; Feb.. $13.10; Mar. $13.05; Oct.. $13.25; Dec, $13.05. Alsike: March. $11-58; Aug., $11.2o; Oct.. $11.25; Dec. $11.50. - . Timothy: Prime cash. $2.65; March and Sept., $3; Oct.. $2.90; Dec. $2.92. (By Associated Press) CHICAGO. Aug. 3. Wheat No 2 red. $1.24 1.24 Vi; No. 2 herd. $1.23 V, 01.24V&. Corn No. 2 mixed. 60; No. 1 yellow, 60V261. Oats-No. 2 white, 3537; No. -white, 3334c. Pork Nominal. Lard $12.07. Ribs $10.25011.00. LIVE STOCK PRICES

$89; common to fair, $7.508; pigs, $1011.25; stags. $4.506. Cattle Receipts, four cars; market steady; fair to good shippers. $7.50 8.00; good to choice butchers, $7.00 7.50; fair to medium butchers, $6.50 7.00; good to fat cows. $5.005.50; bologna bulls; $4.005.00; butcher bulls. $5.005.50; bologna cows, $2.00 3.00; calves. $7.009.00 Sheep Market, steady; $2.003.00.

Lam ds $5.00 7.00.

(By Associated Press) CINCINNATI. O, Aug. 3. Receipts Cattle 800, hogs 3,500, sheep 3,500. Cattle Market weak; butchers' steers, good to choice $7.50 9; fair to good, $67.50; common to fair, $4 (5; heifers, good to choice, $68.50;

fair to good, $56; common to fair.

$3.505; cows, good to choice, $4.50?? $5.50; fair to good, $3.504.50; cut

ters $2.503.50; canners $12; stock

steers, $5(36: stock heifers $4o:

Stock cows, $2.503.50; bologna, $4.50 5.25; fat bulls, $55.50; milch cowj

$2590; calves, steady, 60c higher; extra, $9.5010.50; fair to good, $7.01?

9.50; common and large, $4 5.50. Hogs Steady, 25c lower; heavies. $10.7511; good to choice packers and butchers, $11.25; medium $11.25 $11.50; stags, $56.50; common to choice heavy fat sows, $78.50; light shippers, $11.75; pigs, 110 pounds and less, $9.0011.75. Sheep Steady; good to choice lights. $11; fair to good, $7lli0; bucks, $23; lambs, good to choice, $10.5011; seconds, $6.50; fair to good, $7 10.50; skips, $34.

MELLON'S ESTIMATE OF BUDGET DISMAYS

CONGRESS LEADERS; SEE NEED FOR SLASHES

BY MARK SULMVAX WASHINGTON, Aug. 3. The first

reaction to Secretary Mellon's esti

mate of the amount of money required to run the government for the coming year, and the kind and quantity of taxes recommended to raise this sum, is one of dismay. There is general confidence in Sec

retary Mellons estimate, except on

the part of a few Republican leaders.

whose judgment is tempered by their hopes and who have been making estimates of their own more agreeable to the voter and taxpayer. . For practical purposes, it is Secretary Mellon's figures that will be accepted by the rank and file of congress. He has given Washington an impression of caution and sure-footed conservativeness. Taking Mr. Mellon's figures of $4,-

600,000,000 for granted, there is an instant determination on the part of im

portant elements in the house and senate to do something even more

drastic in the way of cutting govern

ment expenditures tnan nas already

been accomplished. It need occasion no surprise If there

should come a proposal to cut the size

The Farm and The Farmer By William R. Sanborn

Cattle Receipts,

sou;

!ll 70 pll 75

(By Associated Press) EAST BUFFALO, Aug. 3. CattleReceipts, 500, slow; lower. Calves Receipts, .250; 50c higher; $513; few at $13.50. Hogs Receipts 1,600; 2550c higher; heavy $11.5012.25; mixed $12.5012.75; yorkers, light ditto and pigs $12.75 13; roughs $9 9.25; stags $4.506. Sheep, and lambs Receipts 1,000; steady and unchanged.

LIBERTY BONDS (By Associated Press)

NEW YORK, Aug. 3. Final prices

on Liberty bonds today were:

3 $88.10 First 4, bid 87.88

Second 4 87.64 First 4 88.0S Second 4U 87.66 Third 44 91.80 Fourth 44 87 80 Victory 3 98.86 Victory 4 98.86

511 70

(By Associated Press TN-niANAPOLlS. Aug. 3 Hogs Re

o.in unnn-. lower. C

1,100; steady. Calves Receipts, lower. Sheep Receipts. 800; changed. Hogs Top price General sales . . " 30 Mixed and assorted 180 to 200 lbs : 11 70(J Mixed and assorted 200 to 225 lbs 11 45c

Mlxd and assorted 225 to 250 lbs H 3011 5o Mixed and assorted. 250 lbs. up ll S?s according to" quality 8 50 9 50 Most of good sows ...... 9 25 9 50 Sales in truck market ... 11 25 11 90 Good hogs year ago 1 7ol6 50 Cattle KILLING STEERS Good to choice. 1,250 lbs. Up 9 00 9 So rAn.MAv. t mAriiiim. 1.250

lb. . iio 7 75 8 75

In rhnlffl. 1.100 tO

1.200 lbs 8 75 9 60

Common to medium, 1,100 to 1.200 lbs 7 50 8 50 tv rhnice. 900 to

1J)50 lbs 7 50 S 50

Common to medium, 900 1 050 lbs 6 50 7 finnA tn best under -900

lt)fc 7 00 8 00

Poor to medium, under

900 lbs 6 00 7 00 Good to best yearlings... 8 50 9 50

Good to best 6 75 7 50

I'ommon to medium, 800

lbs. up 6 00 6 50 Good to best under 800 lbs 6 50 8 25

i'ommon to medium, un

der 800 lbs i 50 6 00

Good to best. 1.050 lbs. up 5 00 6 00

ivmm.-n to medium. 1,050

lbs. ud 23 4 75

cz.-..iA tn choice, under

1.050 lbs. 4 25 5 00

Common to fair, under

1.050 lbs a

(By Associated Press.) CHICAGO, Aug. 3. Cattle Re

ceipts 18,000; better grades beef

steers strong to 15c higher; other

grades and clases steady; top yearlings early $10.15; bulk beef steers $7 9.50; bulk fat she stock $4.506.75; canners and cutters largely $2.50 3.50; bulk bulls, $4.505.75; veal calves largely $99.50. Hogs Receipts 18,000; opened steady to strong on common grades; later slow and mostly 10c to 15c lower on all grades; top $11.85; one load early bulk light and light butchers $11.1511.45; bulk

packing sows $9.509.95; pigs weak to 10c lower. Sheep Receipts 10,000; lambs 'strong to 25c higher; sheep weak to 25c lower; feeders

steady; native lambs top to city butchers $10.50; packer top early $10; Idaho and Washington lambs $10.50;

Montana wtthers $5.S5; some held

higher; good feeders $7.60.

LOCAL HAY MARKET Old Hay Steady; No. 1 timothy, $16; clover, $15; heavy mixed, $14. New Hay Timothy, mixed, $10 ton; clover, $8 ton.

of the army even lower than the fig

ure of 150,000 already fixed, and also approval to reduce further the naval expenditures by abandoning work on some of the battleships already begun. The proposals will seem shocking to some leaders in the administration and to some leaders in congress who believe that enough has already been

done in the reduction of our standing

army and our naval strength, but

there is a considerable sectioa of strength in congress which is acutely

sensitive to the public desire for low er taxes.

These members and senators accept

Secretary Mellon's estimates as accur ate, and forsee that relief from taxation in an Important way can only be achieved by still further reduction In naval and military expenditures. Reduction Easy The army has already been reduced to 150,000. It is entirely possible that we may soon see proposals to reduce

It further to 125,000 or even 100,000, when the first reduction was made a few months ago, it was anticipated that many soldiers would be unwilling to ask for their discharge. It has turned out, however, that enough soldiers are willing to accept discharge to make reduction easy, as far as that angle of it is concerned. In addition to whatever proposals may arise for further reduction of military and naval expenditures, there will also be a determined disposition on the part of powerful elements in ' congress to refuse or at least cut down applications for deficiency appropriations. The request of Chairman Lasker of the shipping board for needed fund3 will have harder sledding than it would have had before Secretary Mellon's estimates were made public (Copyright 1921 by the New York Evening Post, Inc.)

00 75 50

00 00 00 00

5 60

6 00

9 5010 50

5 50 8 50

6 50 try 7 50

6 50 6 50

Poor to Rood cutters

poor to good canners ... 1 mfLLS Good to best, 1.300 lbs. up 5 oood to choice, under 1.S00 lbs 5 l"ar to medium, under 1.300 lbs. 4 Common to good bologna 4 CALVES

Good to choice veais, under 200 lbs. Common to medium veals, under 200 lbs Good to choice heavy calves c m m on to medium

heavy calves 4 00 6 00

WTOCKEKS & FEELH.NU CAH'

Good to choice steers, 800 lb, and up Common to lair steers. 800 lbs. up Good to choice steers, under 800 lbs. .. Common to fair steers, under 800 lbs Medium to good heifers..

Medium to BU rr-":

b toe K Cli i w . .

' : .i

Native tii"-, u Good to choice light sheep i 60 weather lambs 8 50 StockeV,1 S: breeding aw.. 1 00 . - j . K.ct vearlina:

u,Kh;w., 8 50010 00

n a -hMre vaerlings 4 504j) 5 60

Ewes and wether lambs.. 8 50 00 vZVto good mixed lambs 7 00 8 00 rwh.r liht lambs 5 00 6 50

orln lambs 7 00 8 00

Bucks. 100 lbs. 1 00(8-

250 to 400

00 00 00 50 i)D tip

5 50

4 50

5 50 4 00

5 00 6 00

3 00

2 50

1 60

9 50 4 00

1 60

(By Associated Press)

PITTSBURGH, Aug. 3 Hogs, re

ceipts 2,000; market higher; heavies

$11.00$11.50; light yorkers and pigs.

$12.50$12.60.

Sheep and lambs, receipts 300; mar

ket steady; top sheep. $6.50. .Top

lambs, $11. Calves Receipts, 200 market, steady; top, $11.50.

INDIANAPOLIS, Aug. 3. Hayfirm; No. 1 timothy, $18.5019; No. 2 timothy, $1818.50; No. 1 clover. $16 17.

BUTTER QUOTATIONS The wholesale price for creamery

butter is 44 cents a pound. Butter

fats delivered in Richmond bring 44 cents a pound.

DAYTON MARKET Corrected by McLean Company, Dayton, O., Bell Phone, East 28. Home Phone, 81235. DAYTON. Ohio, Aug. 3. Hogs Receipts, five cars; market, steady; choice heavies, $11.25; butchers and packers. $11.25; heavy yorktrs, $11.25; light yorkers, $11.25; choice fat sows,

PRODUCE MARKET (By Associated Press) INDIANAPOLIS. Aug. 3. Butter-

Fresh prints; 41 45c; packing stock,

1520c.

Eggs 2729 cents. Fowls Under 4 pounds, 20 cents;

broilers, 2628 cents; leghorns,

2325c; roosters, 912c; old toms,

20 25c; young toms, 2730c; capons, 3842c; hens, 2730c; squabs, 11 lbs. to the dozen, $5.00; rabbits, $2.50

2.75 per dozen; spring ducks, 13

15c; squabs, 1620c; geese, iu ids., 1013c.

(By Associated Press) CINCINNATI. Aug. 3. Whole milk

creamery, extra, tc. iggs rume

firsts, 23c; firsts, 31c; seconds. 23c Poultry Broilers. 35c; springers, 23c; Hens, 25c; turkeys, 40c.

(By Associated Press)

CHICAGO. Aug. 3. Butter Market.

Eees Receipts, 10,084

cases: market, no session. Live poui

rv Market, unchanged. Fotatoes

woib fnr hhls.: others firm; 62 cars;

Jersey Cob.. S3M3.2o cwt; iNeDrasKa,

$9: 2Sff?;2 fiO cwt.: Missouri, si.iotg

1.85 cwt.; Kaw valley. $1.101.50j

cwt; Virginia, $5.10 5.-50 a ddi. NEW YORK STOCKS (By Associated Press) NEW YORK, Aug. 3. Close American Can 27 Am. Smelting 33 Anaconda 37 Atchison 86 Baldwin Locomotive- 78 Bethlehem Steel, B ( 51 Central Leather 344 Chesapeake & Ohio 57 C. R. I. & Pacific 33 Chino Copper 22 bid Crucible Steel 56 Cuba Cane Sugar 11

General Motors 10

Goodrich Tires 32 Mexican Petroleum 107 !

New York Central . 72 Pennsylvania 38 Reading 70 Republic Iron -and Steel 47 Sinclair Oil 20 Southern Pacific 78 Southern Railroad 20 Studebaker 78 Union Pacific 121 U. S. Rubber 53 U. S. Steel 75 Utah Copper 48

FRUIT and VEGETABLES Tomatoes. 30c Id.: leaf lettuce, 30c lb.; head lettuce, 40c lb.: onions. 10c lb; Bermuda onions, loc lb.: parsley, 15 cents a bunch: garlic. 50 cents lb.; new cabbage. 12c lb.; green mangoes, 5c each; cucumbers, 15 cents each; turnips, 15c lb.; new carrots, 10 cents bunch, 2 for 15c; celery, 8c bunch, 2 for 15c; beets. 8c bunch. 2 for 15c;

artichokes, 35c each; green beans, 25c lb.; wax beans, 25c lb.; new corn, 50c dozen; pineapples, 25c each; new peaches 13 cents lb.; summer squash, 15c each. fRODUCE BUYING Country butter, 30 cents lb.; eggs, 30 cents dozen; chicken, 18 cents a pound.

FRUITS Bananas, 15c lb.; lemons, 60c doz.; oranges, 50 cents per dozen; grapefruit, 20c each; new apples, 10c lb.; cocoanuts, 20c each; English walnuts, 45 55c lb.; chestnuts, 50c lb.; plums, 2Sc lb.; grapes, 40c lb.

Funeral Arrangements

Peden Funeral services for Mrs. Musa Peden, who died at her home near Arba, Tuesday morning, will be held at the Friends' church at Arba, Thursday afternoon at 1 o'clocg. Burial will be in the Hollansburg cemetery. Friends may call at any time.

The old-fashioned rain we had all been looking for finally came. It came after many of us had almost given up hope of its timely arrival. Showers here and there were the utmost of our expectations on Monday. Toward evening the scene changed

suddenly. At first a gentle shower lasting for an hour, then a let up for an hour or more. Then came the rain we had been hoping for. A rain like that of Monday night and during the early hours of Tuesday morning needs no press agent. It was its own best advertisement; it put on a good show at which the whole audience was

more than pleased. Late and long delayed it nevertheless has done a lot of good. The long drought has finally been broken and we may reasonably hope for season

able rains from now on. The little streams and water ponds are once

more overflowing. The farm cistern

has been replenished. Pastures will presently show the effects of plenty of water and wilting corn has already taken a new lease on life. Cattle Prices Tending Upward. The cattle feeders have had much to complain of for almost a year, but their skies are brightening. At Chicago on Monday, for example, more

cattle sold at $9.50 and above than on any day in several months. A dozen loads of 768 to 1,038 pound yearlings went at $10 and an assortment of steers averaging 1,372 pounds brought $9.80. In the face of that fact ordinary butcher stock declined, and calves lost 50 cents. Comparison of Weights The following comparisons of average weights of all classes of live stock at Chicago during July are of interest. Cattle average 988 pounds; calves, 139 pounds; hogs, 240 pounds,

and sheep, 73 pounds. Compared with July, 1920. we find that cattle last year averaged but 945, calves 132, hogs 242, an dsheep 74 pounds. Going

back to the days of early and rush marketing in 1918 we learn that the average weight of cattle in July of that year at Chicago was but 912 pounds, this being 76 pounds per animal below the range this year. Calves, however, averaged 3, and hogs also 3 pounds higher, than during the month just closed. The average weights at Chicago may be taken as a criterion for all western live stock markets, as the

weights will not vary greatly between Cincinnati' and Missouri river points during any particular season. Are Marketing Oats Freely The low prices for oats the country over would seemingly have a tendency to check receipts. This is not the fact

however, for farmers are selling re

gardless of price. We now have the largest visible supply of oats in our history, there being 37,562,000 bushels

in storage at central points alone, on August 1. One year ago there were less than 4,000,000 bushels in the visible Bupply, although the 1920 crop was much larger than that of this year, and also of better quality. Good Co-Operatfve Idea Hog cholera having broken out In a certain district in southeast Missouri, the county agent had a sick hog killed, showed the assembled farmers

the unmistakable evidence of cholera, and later gave a demonstration to

teach farmers how to vaccinate. It

followed then that the , farmers of

eight counties pooled their issues, combined on funds to buy serum and virus

at 90 cents .per hundred cubic centi

meters by contracting for 500,000 centimeters in a wholesale way, and at

once opened up the fight Experiments With Limestone Some of the most extensive limestone expennentis in the world am being conducted on the University of Illinois experiment field at Newton. One of the university crop specialists reports that: "On land where no treatment was applied there were ten to twenty wheat shocks per acre, while on land where.lime and -rock phosphate had been applied and sweet clover turned

under there were sixty to ninety shocks per acre. These experiments cover several different crops and careful records are being made for useful reference, th

wnole to be embodied in a concise report. Looks For Higher Prices. At the regular monthly meeting of the farm bureau at Fountain City on Tuesday evening one of the speakers said he believed in higher prices for all grains, long before the next harvest. He said that the tremendous receipts of grain during July was a prime factor in the making of low prices, and that following a lifting of that pressure, and the more orderly marketing

of wheat, an advance in all cereal prices could be confidently expected, "unless Europe goes broke. . He further stated that the cost of production considered, the. entire grain line was the lowest in the lifetime of any farmer In the room. . The coal and fertilizer propositions came up for action and prices were quoted on both commodities by Richmond concerns. A canvass for individual orders will not be made by mail and purchases made as soon as the present wants of the township are known. New Garden township farmers are urged to get-together quickly on

both propositions, . as prices do not hold, indefinitely Top Six Inches of America. Speaking to the bankers of Iowa, J. R. Howard, president of the American Farm Bureau federation, said: "I hare just returned from a short visit to our national capital and there have heard a great deal of discussion with regard to national expenditure and Federal taxation and the payment of a national debt , of . $25,000,000,000. I have heard great, financiers and manufacturers discuss what part their industry must have, in the liquidation of that debt, but as a farmer, I know that that national debt and our national revenues must in the main come

from the top six inches of the farms of America." . . Hr. Howard Intimated, that were such necessary, the farmers of this country could finance the national debt. The latest government inentory shows that our farm lands and improvements are now worth about $68,000,000,000, a tremendous figure, and entirely aside from crop and live stock production, from year to year. Club Boys at the Fair. Some fifty Indiana counties will have "boys in the live stock judging

contest at the state fair, September 5 to 10. Many of these boys are now being coached by county agents or other experts and contests will be held during the next three weeks to select 'the boys who are to constitute the feam to represent the county at the fair. The contest will be held on Tuesday of fair week and the awards offered are really worth while.

TIRES

Lowest Prices Since 1914

WM. F. LEE, 8 South 7th St.

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LOCAL GRAIN MARKET Richmond flour mills are paying $1.10 for No. 2 wheat

LOCAL QUOTATIONS (Furnished by Whelan) BUYING Oats, 32c; rye, 1.00; corn, 62c; straw, $3 per ton. SELLING Oil meal, per ton. $47.50; per hun

dredweight, $2.50. Tankage, 60 per cent, $55.00 per ton; per cwt., $2.85; bran, per ton, $27.00; per cwt. $1.50. Barrel salt, $3.5 .."i Dog or White Middlings, per ton, $40.00; per cwt, $2.15; alta middlings, $30.00 per ton, $1.65 per cwt

Revolution Breaks Oat in Lisbon, is Report LONDON, Aug. 3. A Reuter's despatch filed In Madrid yesterday states that following rumors from Vigo that a revolution had broken out in Lisbon, a telegram received direct from the Portuguese capital said extensive precautionary measures had been taken in that city. Troops had been brought in from the provinces, the dispatch added, but all was quiet in Lisbon and throughout the country. The troops in Lisbon are said to be confined to their barracks. British official circles and the Portuguese legation in this city were not able today to throw any light on the reports of disorder in Portugal.

Haag Washing Machines Metal and Wood Tub Dennis Implement Co. 15-17 S. 7th St

WHEAT SCREENINGS $1.50 Per Cwt OMER G. WHELAN The Feed Man 31-33 So. 6th St Phone 1679

n B a

n a

Dowagiac Steerable One-horse Disc

Showing Combined Grain and Fertilizer Drill. ADJUSTABLE Both as to width of rows and as to depth of sowing. UNIFORM Depositors of seeds by means of independent and adjustable spring pressure on each disc

This little Dowagiac is in a class by itself, in advance of all other one-horse Drills, because it is easily guided. SELF-GUIDING Will follow the horse perfectly on short turns or between crooked rows without guiding from the rear. STEERABLE They steer without lifting by the operator. Pressure on one of the handles or the operator shifting his position when riding on the box changes course to that side. " CONVENIENT In transportation to and from the fields. One lever raises the discs and the drill is carried on the castor wheel in front and the drive wheels in the rear.

Come in and see this All-Steel construction Disc Drill

DEXTER Electric Washers Also Power Dexter Double Tub Two Electric Washers in One 100 washing efficiency three separate operations going on at the same time.

l. 2. o

Washing by power in the warm suds of the first tub. Washing by power in the hot suds of the second tub. Wringing by power from the clean rinse to blueing or basket. Cut washing time and work in TWO

Double Tub Electric $110.00 Single Tub Electric All-steel frame $ 85.00

THE

McCONAHA COMPANY Implement Department

Opposite Court House

Phone 2045

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