Richmond Palladium (Daily), Volume 46, Number 277, 3 October 1921 — Page 17

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., MONDAY, OCT. 3, 1921.

PAGE SEVENTEEN

SEPTEMBER GRAIN, LIVESTOCK AVERAGE LOW IN LAST WEEK

The Farm and The Farmer By William R. Sanborn

September corn made two new low

i records on the close of the deal on

j Friday, when it struck the low of the By WILLIAM R. SANBORN j season and option at 467 cents. But The fact that December corn is the ; that is but half the story. Corn sold

lowest at Chicago since 1910. is

from an encouraging statement for farm reading, right when corn Is counted safe from frost and winter feeding operations are to begin in earnest. But facts are facts, and whether we can explain them or not, they are to

be met and faced and made the best of. ! Worse and more of it

far'at the lowest point for this season

since me ran 01 at cnicapo, last week. Can any one give us the answer? The very latest tabulation on our 1921 oat crop places it at 33 per cent under that of last year. The final 1920 estimate was 1.526,000.000, against a shade over 1,000,000,000 this season.

the measured

Present low prices for ail grains and the recent shaky conditions of the entire line of live stock markets, from the .heep markets of the mountain states to the hog markets as far east as Pittsburg and East Buffalo, all indicate a universal pressure upon prices. The settlement of the various September deals left a trace of demoralization in all grain pits. This heavilly (radfd-in and long drawn out option, now being out of the way. the fight t omes on apace for the making of December settlements, almost 90 days away. Sellers have until Saturday, December 31, to clean up the business of the year, should they care to hang on until the last hour of grace. Right now the May option is assuring the greatest importance, the final settlement day for which lacks but three days of being eight months away. Much may happen to brace the entire world situation in the coming eight

months. All grains closed on Saturday at the lowest points of the year, figured on it cash bask;. Live Stock Situation. While cattle receipts at Chicago, 66,000 last week, were the largest in any week since January, taking the month as a whole, tha receipts were the smallest for any September since 1915. At the week-end the trade in beef took on a healthier tone, with country feeders much better buyers for the feed lots, the low price of corn having a stimulating effect, it may be. Taking the month as a whole, cattle in all markets averaged the lowest in any month since April, 1915, or In more than six years. The September average price at Chicago, for example, was but $S on "good beef steers," in spite of th fact that yearlings ranged at from $7.75 to a top of $11 last Saturday, with prime steers weighing from 1.200 to l,r00 pounds, selling between $9.10 and $10. Nor do lamb prices show up well In September comparisons. Iambs de

clined greatly during that month, so j

much so indeed that the month s average for fat stock, $8.80, was the lowest for September since 1913, long before ihe plasrue of a world war engulfed the world. Lcoks Close to Bed Rock. In view of all attending circumstances there is a reasonable expectation that we have about sunk to bed rock. Most traders are looking for a change for the better. 'True, some are still inristing on six cent hogs, but these are in the minority. There are pessimists who have all their lives been watching to see the skies cave in and for the clouds to pile up on the prairies, but all remains serene overhead. Hogs made an average price at Chicago last week of $7.25 against $7 50 for the week ending September 24 and $7.63 for week ending September 17, an average loss of but 40 cents in the ihree weeks. It must be frankly stated that most of the big packers have been hammering the hog markets. They have often kept out of the pens until late in the day, and withheld support while small packers, speculators and shippers were bidding for supplies. The left-overs were frequently bought at the low price of the day, by this method. A few light bacon hogs sold at a ton of $S.30 at Chicago, on Saturday, "bulk of sales" being at $6.10 to $S.10.

bushel weight this year is but 28.6, against 33.1 pounds last year. So far as bulk and actual feeding weight Is concerned, this disparity still further reduces the size of the present crop Among the price reductions made in Richmond last week was a cut of two cents in the buying price of chickens, to 18 cents per pound, and a drop of two cents on oats to 30 cents peY bushel. Eggs advanced one cent to 36 cents per dozen, and creamery buvter was marked up to 45 cents, at wholesale. During the week barrel salt was marked down to $3.25, a drop of 25 cents. Farmers Need Markets. "What the farmer requires primarily is not more credit but more markets," said Carl, Vrooman, one of the right hand men of the farm bureau. He was criticizing the outcome of the export credit provision of the farm-

ters relief bill, at Chicago, ana saia:

"The treacherous slashing out of the

provision to extend credit to foreign purchasers of agricultural products was a betrayal of millions of farmers now tinder sentence of financial death, by the slow but sure process of being smothered in their own surplus crops." Quoting Mr. Vrooman once more, Frank Ridgway, a Chicago newspaper man, relates: "It is too late to save a large percentage of our farmers, but in the interest of those who are not yet beyond saving, I am going to see that this provision of the bill is reintroduced and pushed for passage, during the present session of congress." The Dairy Men to Meet. The initial meeting of the dairy marketing committee of eleven, th national farm bureau body on dairy products, will meet at the old capitol building In St. Paul during the meeting of the National Dairy show, week of Oct 10 to 15. Once More in Session. ' The sixth meeting of the live stock

marketing committee of 15 began its sessions on Sept. 27. It was hoped to complete the "plan" at this session, and to submit it for ratification to the various farm bodies. During the year or more that this "plan" has been in discussion the live stock markets of the country have "fallen to pieces," The session was held, or is possibly

still being held at the usual gataenng place, the Hotel La Salle, Chicago. No news of its action has been given out to the press by the farm bureau, pending a decision. Future Corn Price Outlook. Charles D. Michaels, of the Chicago Tribune, a close observer and wellinformed, discusses corn as follows: "A more conservative feeling toward the bear side of corn is noted amongst commission houses, and while a majority continue to look for lower prices, the persistent claims of disappointing husking returns and

of serious worms and mold, and other damage, is resulting in a belief that the market may be .getting close to the lowest figure for some time." Mr. Michael's comment on mold and

earworm damage is in line with the facts developing in husking over a wide area. We have much of this complaint in Indiana, and we have personally observed such damage in Wayne corn fields, but not, so far, in a large way. Stockholders Everywhere. When we speak of the Armours, the Swifts, the Wilsons, and a few of the other large packing corporations, the average man has been given to considering these great "houses" as family concerns. We have been supposing that the younger generation of these trade builders are in individual control as owners of most of the stock. However this may have been in the early days, this is no longer

true. For example, Swift & company mailed out more than 45,000 checks last Saturday in payment of the quarterly dividend. It i3 said that not alone were checks mailed to every state in the union, but to every country on the planet, where Swift securities have found their way. Every country in Europe, and also Africa, Japan. Hawaii, the Philippines and Alaska, were included in this disbursement. Now, then, it would take 900 of the largest stockholders to vote 51 per cent of the Swift stock, which makes the control of this giant corporation far from being a family matter. It is further stated that 15,000 of the stock

holders are women. A large number

of the employes are on the share holders' list.

HOW TO DRINK MILK IS LESSON AMERICA NEEDS, SAY DAIRYMEN

cheese consumer, the figures desclose. For, whereas he eats slightly more than three pounds annually, only two other nations, Canada and New Zeal-

! and, eat an equally small amount, and I there is but one nation that eats less, Ithat being Argentina.

The figures for other countries are

Denmark, 12.3; United Kingdom, 11.2; France, 8.1; Norway, 7.8; Italy, 4.8; Australia, 4.8; Canada, 3; New Zealand, 3; Argentina, 2.9.

(By Associated Press) COLUMBUS, O., Oct. 3. Uncle Sam

needs an educational campaign on how to drink milk officials of the Ohio Farm Bureau federation and dairy folks believe. This country is not nearly as heavy a patron of Old Bossy as "some other fellows in the international boarding house conducted by Dame Natures," says a statement from the Farm Bureau federation. Figures secured by the federation, according to the statement, show that

the average American citizen uses between 17 and 17.5 pounds of butter

annually. In other nations, from

which statistics are available, the following consumption is shown:

Switzerland, 12.1; Netherlands, 16.8; Denmark, 19; United Kingdom, 19; Norway, 14; Italy, 2.5; Australia, 25.6; Canada, 27.7; New Zealand. 21.7; Argentina, 1.7, and Germany, 14.7. Bottom of List. Uncle Sam stands at the-bottom of the list as a milk drinker, as far as available statistics show, according to

the federation. Per capita consump-t tion in this country is 42.4 gallons an-

nually. For some other countries, the consumption is: Sweden. 69.7; Denmark, 68.5; Switzerland, 67.4; Germany, 61., and Belgium, 44. The average American Is a small

STATE TO OPEN BIG PIT PRINCETON, Ind.. "Oct. 3. The state highway commission is making

Switzerland, 26.4; Netherlands, 13.3; 1 arrangements to open a gravel pit

near this city which will supply the roads of southern Indiana. Road3 in southern Indiana this summer have been permitted to set in bad repair on account ot the excessive freight rates on gravel. An investigation disclosed a valuable deposit of gravel near this city. It is possible a railroad spur wiil be built to the pit.

PAT WAS IMPRESSED

"Pat," said the priest, "ye're drunk. Now if ye ever get like thi3 again I'll

turn ye into a rat. I may not see ye, but I'll know about it. Ye mind that!" Some time later Pat went home and stumbled into the kitchen, where his wife was feeding the cat. "Biddy," he said, "watch me. When ye see me gettin' little, and the hair growin' out on me, and me whiskers gettin long, for the love of Mike, keep yer eye on the cat!"

Farm Sale Calendar

Tuesday, October 4.

W. B. Barton & Son, 9 miles north j

of Richmond, 4 miles east of Fountain City, and 1 miles northwest of Whitewater. Registered Aberdeen Angus cattle, and registered Percherons, also other cattle, horses, hogs, etc., and general farm sale, at 9:30 a. m. Wednesday, October 5. Mary E. Quigg, on Woodland Farm, three miles due south of Williamsbug, on Williamsmburg and Centerville pike. Closing out sale. Thursday, Oct 6. Wr. P. Krom, ,on Gaar and Shurley farm, one mile west of Richmond on Williamsburg pike. Poland China sale.

Burley McGill, on the old Thomson i

Smith farm, joining New Paris on the east. General farm sale. 12:00 o'clock. Monday, Oct. 10 Harry E. Shultz, one mile west of Fountain City, general farm sale at 10 o'clock. October 11. J. W. Smith, southeast of Hagerstown, Ind., will make a clean sweep sale of fanning implements, etc., also 80 acres of land will be sold at .auction.

Every

GLEN MILLER MARKET REVIEW. Randolph county is making it? impress on the local live stock market, more hogs being trucked this way than formerly. Darke county and Preble are also contributors to our local receipts. Sreaking of Randolph recelots last week. Rome Shurley said on Monday morning: "Last Thursday and Friday might well be called 'Randolph county davs.' so rnanv hoes were trucked In

fron Lvnn and well up toward Win- j

Chester." He then cited the 462 head of hogs brought down from that dis

trict, as follows! Andrew Macon, 2i hogs: O. A. Hartup, 54 head weighlnar 10.0SO pounds, and for which he wa3 paid $"20. SO. Mills and Robbins marketed 5S hogs, weight 11,450 pounds, net $S58 .75. And thus the list runs on. to a total of 462 head, weighing "8,785 pounds, the total cost of the Randolph county bunch being $5.652.11. To the list of Randolph shippers we may adJ: John Cooper. 27 head; Herbert Shrader. 70: Chase Bendo. 3S; Henry Shroeder, 4G: L. W. Moody, 21; Cal Blown, 54, and Charles Ginger. 10. Shippers In the Richmond section added enough hogs to make up eight carloads, the last of which went east on Saturday night. Mr. Shurley saja that there was a continuous declin during the past week, a lower level of prices being established from dav to day. Good medium, 1?0 to 200 pound hogs ranged around $7.25, hogs under 150 pounds and pigs, brought $6. with sows selling at $5 to $6, aa to quality. Cattle also stood a small shrink, steers going at from $4 to $6; cows $1 to $3, and calves up to $10 for extra fancy, common and heavies ranging between $3 and $6 per hundred.

J. L, RUPE ADDRESSES INDIANAPOLIS LODGE

INDIANAPOLIS, Ind.. Oct. 3. An address given by a Richmond man, John L. Rupe, past grand commander nf the Grand Commandery, Knights Templar of Indiana, was the feature of the after dinner speeches at Raper commandery Saturday evening. After congratulating the class of 15 which received the Templar degree, Mr. Rupe's speech pointed out that in Free Masonry men are taught to expect and look for the best in their fellows . instead of being suspicious of one another as is so often the case outside the order.

In the province of Kueiohow, China, is a strong race of dark-skinned aborigines called the Black Miaos, differing greatly in character from the Chinese. The first white settlement in Australia was founded 140 years ago.

"filler SJ

Meal1

IH!llIlllSlliI!II!II!IIH&r

Next time you want to concentrate on a piece of work just slip

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Hit

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WRIGLEVS.

Hazards disappear and hard places

come easy for WRKGLEY'S gives you comfort and poise. It adds a zest that means success. Sealed Tight

Kept Right

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We invite you to see our

Footwear

Display

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at The Style ; Show Ji2m-

US mm

COLISEUM Tuesday and Wednesday OCTOBER 4-5

We will present the newest authentic modes for Women and Misses' Footwear on living models. The most fashionable of the famous QUEEN QUALITY and J. & K. makes for Autumn will be shown. We invite, the attention of all who are interested in correct style and best quality in footwear. "WE FIT YOUR FEET"

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ir hi 50 BRICKS ifo 3 I Njvv BIC I rail vmSzz 3 if Will Be Given Away ffl jljS at the Style Show fJ 200 coupons, good for 1 5c rebate on a Bender Brick, h Bl will be given away. jj I 25 full size quart bricks will be given away free each nigbt. I j II IP 1 &e sure to get your free ticket as you go in. In addition to these i I 1 5 III 50 free bricks. mj I j! 1 ySSCfv These coupons will entitle the holder to a full quart brick fj M 1 tf&l f Bender 8 New Brick Ice Cream at any Bender dealer at SIL Ifl B l2 ilife, fODl 15c leES tnan tne reSulr price. Get your coupon whea ifll H you enter the Coliseum. Bill