Richmond Palladium (Daily), Volume 46, Number 305, 4 November 1921 — Page 15

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THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., FRIDAY, NOV. 4, 1921.

PAGE FIFTEEN

SELL DOLLAR WHZAT IN CHICAGO FIRST TIME IN FIVE YEARS

Br WILLIAM R. SA.BOR "When December wheat struck 99 cents at Chicago, on Thursday, it was a.t the lowest point since October, 1915.

At the same time the whole line of grains was at the lowest on the crop, and also at the lowes tfigures in recent years. Looks as If the bears raided the market, you say? But that isn't true. The great wheat buyers and speculators are loaded to the ears with real wheat; it is greatly to their disadvantage to have the bottom fall out of the market. It was a day of wild and feverish trading on the floor. No doubt of that, whatever. Men went off that floor as limp as rags at the close of a session lasting less than 4 hours; beginning at 9:30 and ending at 1:15. Days of Dollar Wheat. We can all remember when farmers set $1 as the ideal prire for wheat And how many millions of bushels have been grown and sold for considerably less? With reference to $1 wheat, James A. Patton, once known as the wheat king because of the magnitude of his operations and bis millions made in speculation, said: "Dollar wheat was once the farmer's slogan. It was in fact his battle cry. Today $1 a bushel doesn't pav the cost of growing it." And we all know Mr. Patton is right. Incidentally, he says that he hasn't got a nickel in the wheat market "I was afraid of it," said he. Wheat Off 40 Cents, s At the opening on Friday morning the range on December w heat was 9Sc to 9!c This t howed a loss of 40 cents

I point on that opMon.

i ne underlying conditions wnicn caused this break are the same as those which have caused the general

declines in commodities. In the. cane

of wheat the pressure has been accen

uated by a comparative limitation of

the world demand, owing to financial

pressure on exchange, and the lack of

credits on the part of much of Europe. The Canadian Surplus The fact that Canadian elevators are still choked with wheat, and the manifest desire of the Canadians to get wheat in store, or sold before winter sets in, has brought great pressure to bear on exporters, which has been reflected abroad. Consider, too, that the home-grown crops, large or small, are now available ia all foreign countries, and that buyers abroad can afford to wait awhile, being assured of supplies from America and the Argentines, when ready to buy. Ia any event the action of the market tells its own story. There is little buying power. Immense amounts of cash are tied up in the grain owned by the best supporters of values. We have unloaded wheat too freely, at whatever price the market afforded. And we began that operation earlier than usual, the harvest being early, both in the winter and spring wheal belts. Millers Break Prices Millers have been complaining of a slow demand for flour, and have in the case of some great mills, reduced their output or temporarily closed down. In such circumstances they are not large buyers of wheat and that support withdrawn, the situation became that much weaker. The optimist believes that all these

conditions will presently right them-(the round table plans for Increasing

reives, ana goes serenely on ills way. , the number of "embattled farmers on

It Is the sensible way to look at it and also the proper action. It never rains but it pours. All re-

the list, will probably come up.

There are 10 districts in Indiana and

the election of directors for the odd

day were bearish, or most of them were. It was that kind of a day. There was report of the failure of two

ports on the Chicago floor on Thurs-j numbered districts will be held this

year. Gustafson To Be Present.

, I .'"v , s- Grain Growers, is billed for an adm Oklahoma and the other in Mimxe-, dresi OQ grain m'arietlng at the flr6t SOia. I n irt a. mAmt- t W.r.'v.

juiuiiiiuft pcDDiuu. uuvcruur jwidJay ;will speak at 1:30 that afternoon, and

oe rouowea by an address by President

But the cloud still has a silver lining. As John Cloverseed used to say: "We've never died a winter yet, and we aint going to this winter."

21,000 pounds, depending upon size of the car and the territory, the range not being uniform throughout the country. The American farm bureau now asks that the general minimum be fixed at 15,000 pounds from April 1 to Oct 1. and at 17.000 pounds during

of Centerville and 1 mile south of Stop 140 on the National road. Registered Poland China hog3 and stock sheep, at 1 o'clock. JX P. Lean and T. J. Halstead on Barton Long farm. 3 miles west of

New Madison, east 1 miles south of

balance of the year. This is for 36 1 Hollansburg. Clean-up sale

feet 7 inch cars, with corresnondine i T. A. Morrison, guardian, J. R. Mor

m:Ji;mum weights for longer cars. This1 risoa, will sell at J. R. Morrison farm.

The Farm and The Farmer By William R. Sanborn

The owners of country elevators, cooperative or independent, are not more in favor of falling grain prices than are the farmers. As a matter of fact, they are universally deploring the break in prices within tht week. This was clearly demonstrated in a number of phone talks on Thursday, after it was known that December wheat touched 99 cents at Chicago. "We are sorry to see this break, and are wondering what may be the real reason for it," said A. V. McClure, of Eldorado, Thursday evening. "We paid $1.05 for wheat today but we may have to lower our price to $1, on Friday, but surely hope not." Lynn marked down wheat to $104 on Thursday, and said that very

little was coming in for milling. The mond.

elevator at Lynn has not attempted to handle new corn in quantity as

yet. but has taken in a little of it at 30 cents. Fountain City Ships a Car We are loading a car of wheat said the manager of the Fountain City elevator, on Thursday, and paid $1.10 for a load or so today, to fill the car. "This is above the market price," said he, but we needed the wheat so as to get the car off," A few loads of new corn has been sold at Fountain at 30 cents. The Milton Grain company was bidding $1.05 for wheat and 30 cents for new corn on Thursday, at their three receiving stations. "Farmers not inclined to sell." is the report. Cattle Top This Year. A single load of 15 Angus yearling cattle made a new high top for 1921, at the Chicago yards, on Wednesday. They averaged 1,014 pounds and sold to Armour for $12.50. They were bought for shipment to New York. This sale was no criterion of the general market, which closed steady to 25 lower. The next highest 6ale was made at $11.50. Wednesday' top on hogs was $8.35 paid for a few pigs, and the general average $7.60. This was lowered a trifle on Thurs

day. State Farm Bureau Convention. Every farmer in the state will be welcome to attend the state farm bureau convention, to be held at Indianapolis, November 15 and 16. If that should be attempted IndianaDolis couldn't hold the host, but it is

nevertheless true that, while only accredited delegates will have the right" to vote, every farmer who can find ; standing room will be freely admitted, j An interesting and important pro-1

gram has been arranged. The reports of the general secretary. Perry H. Crane, and that of treasurer E. E. Reynolds should be interesting documents. Presumably the exact number of paid-up members in the state will ,be stated, and in later discussions at

Brown. The annual election of officers will be held, at the closing session of the conference, on Wednesday afternoon, this to be followed by a round

tame discussion on organization activities. James K. Mason, of Milton, will report on the progress of the Grain i Growers enterprise in this state, Tuesj day afternoon.

Why Cattle Are Skinned. According to Sidney Smith, the cartoonist as quoted by Andy Gump, hides are a drug on the market Says our friend Andy: "I was told hides were cheap. Max Guggenheim said the only reason they take hides off of cattle is so they can get to the meat It's just like knocking the shell off a walnut." In the meantime Andy gets a bill for

$17 and war tax, whereat he sets up a howl at the high cost of shoes. Wool in Indiana Pool. T. I. Ferris, Indiana wool pool director this year, reports the total wool so far consigned to the Indiana pool as 1,199,069 pounds. The largest shipment from any single point in the state was loaded at Sullivan, 69,166 pounds. New Cas'le shipped 62,550

pounds, against 18,557 pounds for Rich-

In commenting on this state-

is important, as shippers are frequent

ly unable to load up to the minimum weight and are penalized in having to pay for that minimum weight, regardless. Near East Relief. Indiana farmers are expected to heed the call of the destitute in Bible lands during the week of November 14. Russell G. East of Shelbyville. will be secretary and active director of the grain appeal. At a recent meeting of the state farm federation a reso'uf on was adopted. 6tating vhat: "Contributions to the Near East Relief are for a worthy cause, and those members of the organization who feel able should give grain or money for the relief of the destitute In the countries reached by this agency." Rye straw -"s bringing as much per ton at Chicago as the h'gh spot on No.

z iignt ciover m.xed hay. which is $16. Right now the demand for hay in Chicago makes it the best market in

the middle west

ment the Hoosier Farmer says:

"It is gratifying to note that nearly 1,200,000 pounds of Indiana wool has been successfully pooled and a considerable portion of it already marketed and settled for, at prices well above the best offers of local buyers." The totals are of consignments up to Oct. 1, and it is supposed that much wool still remains in our framers' hands. Liberal Co-operative Buyers. Springfield township, La Porte county, has but 107 members but their cooperative buying in 12 months totaled $8,318. This buying list included twine, coal, fence posts, salt, tile, fencing and fertilizer, all in car lots, excepting twine.

Minimum Car Weights. The present minimum carload weights range between 17,000 and

Farm Sale Calendar

Monday, November 7.

Union County Duroc-Jersey Breed

ers association, combination sale, 54 head, at the Bruce Pullen farm, 2 miles west of Liberty, at 12:30. Tuesday, November 8.

Jones and Pike, at Hawthorn farm, 1 mile north of Centerville, fall sale of

Big Type Poland hogs, at 12:30. Wednesday, November 9

Fulghum and Sanborn, ZM miles west of Richmond, li miles southeast

one mile south, three-quarters mue west of Carlos City. Thursday, November 10. William Wilcoxen, 7 miles north of Richmond and 2 miles northwest of Webster; 6ale of registered DurocJersey hogs, at 12:30.

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Certain foods, those rich in vitamins,

are more useful than others.

Scott's Emulsion is replete with those elements that determine growth and strength. Soott Bone. Cloomfield. N. J.

ALSO MAKERS OF

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(Tablets or Granules)

for INUIlahSTION

imniwHimmiminititMiifmiiinmmniniiiHUHiuuwiamnnuaiiiminmHU 1 VESTA BATTERIES I for Super-Service 5 I

Piehl Auto Electric Co.

ALWAYS RELIABLE

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EVANS' E-Z BAKE FLOUR is a secret blend of the choicest wheats. - It is milled in modern mills having the latest scientific equipment. From the time the grain enters the mill until it emerges as a finished product, it is handled entirely by machinery.

EVANS

OMER G. WHELAN, Distributor

1024 Main Phone 1891 f uunHtiuumiuiuiimitBniHiitituiHiiitiimuiiiMinrainiiimiuuimiutnuiHluB

iacrew strength of delicate, nerroos.

ma-down people in two weeks' time in canv instances. Used and hiekly en

dorsed by former United States Senators end Members of Congress, well-known physicians and former Public Health officials. Ask your .doctor or druggit about ft

Correction in Our Ad of Last Evening CHOCOLATE GRAHAMS were advertised at 19c. Should have been 29c.

1032 Main

TRACY'S

526 Main

Qosh! Lame Baca

Rob backache. LmrJbao. Soreness and stiffness away- Try this! Zd-Ay,

Back hurt you? Can't 6tralshteu up without feeling sudden pains, sharp aches and twinges? Now listen! That lumbago, sciatica or maybe from a strain, and you'll get bles ses relief the moment you rub your back with soothing, penetrating "St.. Jacobs Oil." Nothing else take out soreness, lameness and stiffness so quickly. You simply rub it on and out comes the

pain, it is penecuy nanniess auu doesn't burn or discolor the skin.

Umber up ! Don t suffer! Get a j srar.ll trial bottle from any d?ug store, j and after using it just once, you'll forget that you ever had backache, ! lumbago or sciatica, because your back ;

will never hurt or cause any more misery. It never disappoints and has been recommended for 60 years. Advertisement.

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Fuel for Busy Little Bodies Delicious, brown crusted slices of Mother's Bread baked at home from FAULTLESS FLOUR brim full of body-building and brain making elements.

Faultless Floui

is milled by a perfected process from carefully selected wheat rich in gluten.

The properties necessary to well balanced diet are embodied in this flour.

Made by

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A. H. DORSEL MILLING CO. LIBERTY, INDIANA

FAULTLESS

HllhI P.l.nt FlowJJ

Ll DORSEL SUUlflGCffi;

MEATS

TEA AND COFFEE HOUSE

Special for Friday and Saturday Lard, per lb 11c JO-lb. pail Lard $1.10 50-lb. can Lard $5.50 1 lb. bulk Peanut Butter 25c Milk, tall can 10c Pillsbury Pancake Flcur 15c Potatoes, 7 lbs. for 25c Sweet Potatoes, 4 lbs. for 25c Old Reliable Coffee, 3 lbs $1.00 10 bars White Naphtha Soap... 68c 24 lbs. Faultless Flour 95c 24 lbs. Enterprise Flour $1.30 12 lbs. Enterprise Flour 70c 24 lbs. Mak-Mor Flour $1.26 12 lbs. Mak-Mor Flour 65c 24 lbs. Pillsbury Flour $1.30 Eggs, per dozen 45c Sugar, 5 lbs. for 33c M. J. MAHER Delivery Service Phone 6230 329 So. 8th St.

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Fancy Japanese

Novelty Baskets 59c to $1.99 Six different sizes, suitable for candy or sewing basketsr

Bring in Your Old Tooth Brush And get a new one for

19c

SEE OUR WINDOW

A. G. Luken Drug Co.

626-628 Main Street

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Take your choice of any pair of shoes in our men's window SATURDAY ONLY

Cv " is seeping

Most of x These Shoes Have Rubber Heels

Calfskin and Vici Kid Shoes, combination lasts, and Shoes with the orthopedic heels and arch supports. Every Pair Is an Exceptional Value

Bowen's Shoe Store 610 Main Street

PALLADIUM. WANT ADS BRING RESULTS

A

This Is

Magical prices wonder values attract bargain-wise shoppers far and near. This is an event of such magnitude that to compare it with any other sale is impossible.

M W MM

rrOyyien soTtcoat. dhs" etc, NOW. Every style, every material, every , trimming is included in our assortment

$14.98 to $42.50 $19.98 to $44.50 $12.98 to $39.75 Specially Priced $7.98 to $12.98 $4.98 to $ 6.98

amity

Family Clothing Store

llSlllilll

COATS SUITS Dresses FURS Sport Skirts Silk Waists

Heed the call! Save monev!

Attend this sale! You will remember the quality long after the low price is forgotten. Leave your purse home. Our EASY PAYMENT Tlan will take care of your purchase.

f ff Here is an assortment of excellvJl(Ti 'ent -w0' and worsted fabrics; single and double breasted models; attractive new pa'tterns. Not just a few

at these - prices, but a tremendous stock in all sizes. Actual values $35 and $40.

$20 to $47.50. 0.,e Values absolutely incomparUVyiS ab!e. Sturdy clothes styled to suit "Sonny" and priced to suit his thrifty parents. $7.50 to $15

RICHMOND'S ONLY CASH PRICE CREDIT STORE

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15-17 No. 9th St

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OPEN SATURDAY NIGHTS UNTI 10 O'CLOCK

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