Richmond Palladium (Daily), Volume 92, Number 64, 16 March 1922 — Page 14
THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., THURSDAY, MARCH 16, 1922.
I. . . ! - ' I
Markets
GRAIN PRICES
(Markets by E. F. Leland & Company, 212 Union Bank Building.) CHICAGO. March 1R. Wheat di'5 played a great deal of strength late loday. lifting values to a new high. There was Rood commission houeo huyine and prices responded quickly. This buying today and that of yesterday has tightened up the market and i horts had some trouble in covering. ; The better cash markets here and i Isewhere were improving. The ma j ket was weak and lower early in tho ; epsion due to the lower cables. East- j rn interest nMHs are reported to be 1
buyina: rash wheat at the seaD07.ru find shipping it back Into the interior. The large Argentine exports to Liver ltool, around six million bushels, had little cVpregsinsc effect here, although It was the chief depression at Liverpool. , Corn displayed weakness early. Put on a decline, a good buying by commission. There was an over condition in corn the same as in wheat, and offerings were light on the way np. Industries were after the cash here, with smaller receipts, in fact, the smallest for weeks. - Oats were without any special feature and -was narrow range. Cash houses were rood buvers today. Cash marker one- half to three-fourths cent higher.
BRINGING UP FATHER BY McMANUS
Pat. Otl."
TELL. TH JMStTOR WANT TO tCX HIM
r
juvr a, MINUTE PLEASE!
V
I ri THE JANVTOR.WHAT tnaTVOU
4
DO VOL) WATVT
TO MAKE t5CME
ILL. 4 WE fOO TEtH ) I ' ) f f 1 DOLLARS IF VOL) J THATb (l j KNOW f I
rvvt. inc. uaox - THKT . . - I
May July Sept. May May .July Sept. May July Sept.
.1.13 .1.07
.1.01 . .59 . .62 U . .64 . .37 . .39 . .40
.59 .62 .64 .37 .39 y3 .40
Close 1.35 1.16
1.04 .61 .64 .66 .38 .40 .41
RANGE OF FUTURES
(Markets by E. F. Leland & Company. , 212 Union Bank Building.) '
CHICAGO. March 16. Following is the range of futures on Chicago Board
of Trade today: Open High Low Wheat
..1.31 135 1.31
1.16 1.13 1.10 1.07 Rye 1.04 1.01
Corn .61 .64 .66 Oats .38 .40 .41 Lard
Cattle Receipts, 350 head; market, dull and weak. Calves Receipts, 300; matKet slow; choice veal calves, $11(312.50; fair to good. $6if9. Sheep and Lambs Receipts, 1,000; market. Blow and steady; choice wooled lambs, $15.0015.75: fair to good. $8 (fill; choice wool sheep. $7.508.5G; fair to good, $34; choice clipped lambs, $13614; fair to good. $6 00 C10; choice clipped sheep, $G O0 750; fair to good, $2003.00. Hogs Receipts, 3,000: market, steat'y; heavies, $10.60?J 10.75; roughs, $8.50; f.tags, $5.50.
WAYNE COUNTY REPRESENTATIVES PLEDGE
$400 LOAN FOR GO-OP COMMISSION FIRM
May May
,..11.00 ...10.70
Ribs
(By Associated Press) CINCINNATI. Ohio, March 16. Re
ceipts Cattle, 650 J hogs, 4,500; sheep,
200. Cattle Market, slow and steady;
butchers steers, good to choice, $7.50
8.25; fair to good, $6.507.50; common to fair, $5 6.50; heifers, good to
choice, $6.758; fair to good, $o.75
110! 6.75; common to fair, $4.505.75.
Cows, good to choice, $5 5.50; fair to good, $45; cutters, $33.75; canners, $2 2.75; stock steers, $5.50 7.50; stock heifers, $4.505.50; stock cows, $3.50 4.25. Bulls, steady; bologna, $45; fat bulls, $4.755.25. Milch cows, steady; 7580. Calves 50c lower; good to choice, $1011; fair to good, $710; common and large $4 6.50. Hogs Active and steady; heavies,
11.10 $10.50g)10.75; good to choice packers
and butchers, $10.75; medium, $10.75;
10.77 , stags, ?4.505.25; common to choice
heavy tat sows, $b8.2o; light ship-
Si 1.80. Timothy
March, $3.15; May, $3.25
(By Associated Press) pers, iv. a ; pigs, nu pounasana
TOLEDO. Ohio, March 16.- Clover- '--
BPPfi prime cash. $16.15; Aiarcn,' . "-k . t,u -"" $1615- April $14 50; Oct., $11.95. A1-S", $67; fair to good, $46; comSfkVipriS?' cash.0' $11.8?; Marh. -n to fa r $2f 3; bucks, $2 f 4.50.
Prime casn, jfo.io; j iu .uuu.c, fij.v
srcuuus, iiijtji, iitir lo goou, $12.5015.50; common to fair, $6 O . . J 1 1 SZ. A A
nv Asanrlated Press) . tu"' lamus, oiy".
CHICAGO Mahrt2--S5!at0oi (By Associated Press) 2 red. no sales reported. Corn No. - pITT,mTPrp iu0v, ic u mixed 56'S 57; No. 2 vellow, 58 fi i PITTSBURGH, March 16. Hogs To. Oats-No 2 1 white. 3839; No. 3 1 Receipts 2 800 ; market steady; heavwhite. 341436. Pork, nominal; ea. $10.5010 5; heavy Yorkers, ribs, $H.2512; lard. $11.05. I !JH: hght Yorkers. P3(By Associated Press; ' Sheep and Lambs Receipts, 200; CINCINNATI, Ohio, March 16. ; market steady; top sheep, $10.00; top
ll'lmnt X'n 9 rod S1.42M1.4X! NO. 3
rfd $i.?.7fi?1.39:, other grades as to
quality, $1.30(fll.37. Coin No. 2 white. 6364c; No
white. C.2d63c; No. 4 white, G0 i
r.it.'- v vellow. fiSiAfi 'fi:ic: No. 3!
yellow, fc
tic: No
Oats Firm at 37W4'c. Rye Higher at $1.01 1.02 Hay $16.50023.00.
(Special to The Palladium) NEWCASTLE, Ind., March 16. Wayne county representatives at the Newcastle meeting Wednesday led all other counties of the sixth farm federation district of Indiana, in pledging $1800 financial support to the new co-operative livestock commission firm which la to be opened in Indianapolis early in April. A pledge of $400 loan without interest was made by the Wayne men, some of whom stated that they would be responsible personally in case it was impossible to raise the loan from
county and iocal larmers organiza
tions. However, no doubt was expressed that the money could be raised. Following Wayne county's lead, Henry, Hancock and Delaware counties pledged similar amounts. P. L.
Ludwick, of Randolph county, pledged $200 with prospects of more when he could consult with other county officials of Randolph. Marion county also expressed confidence of assistance, deferring action until other officials could be consulted, however. Hamilton and Madison counties were not represented, but it is expected that they will give liberal support, being well organized farm bureau counties. To Use as Security A total of $1800 of the $2500 asked of this district was pledged at the
i meeting. The sum of $10,000 is asked
by William Settle, farm bureau director of the fourth district, as a guarantee fund for the company, which he is organizing. The money,
Calves Receipts, 600; market low-
i er; top, ?1L'.50. t
1 1
NEW YORK STOCKS (By Associated Press) NEW YORK, March 16 Close. American Can 47H American Smelting 52 Anaconda 51 Atchison 97
which will be a loan without interest, will be deposited In Indianapolis and used as security upon which to borrow working capital up to $30,000 or more. "We are all ready to establish a commission firm, as soon as it can be financed," said Earl Crawford, director of this district, as he opened the meet
ing Wednesday morning. He intro-i duced William Settle, who explained the plans of the firm, stating that more business than the firm could handle at the start had been promised already. That there is possibility of substantial profits in the firm's operations, was shown by Mr. Settle, who stated that in no case has a co-operative commission firm, established within the last two years, operated at a cost of more than half the usual commission charges. The regular charge is made by these firms and the surplus refunded to patrons on the basis of the business furnished. In South St. Paul the
company operated for $7.05 a car, while commission charges were $22 a car. In St. Louis 50 per cent of the commis
sion charge is refunded. Experienced Difficulty Much difficulty was experienced in getting into the Omaha yards, where the first farmers' commission firm was started, said Mr. Settle. When the farmers started to sell their own stock five years ago, they were unable to get into the exchange, and could not even get the use of stock pens. The
J firm was compelled to build pens out
side the stocK yards ana operate as an "outlaw." In the second year, however, thev were allowed use of the
stock yards and later were admitted to
the exchange. The refunds to patrons
of commission surcharges each year
were 38 per cent, 46 per cent, 50 per
cent and 62 per cent, the same basic charge being made aa was made by
other firms. Northern Indiana is organizing for the Chicago and Toledo markets, stated the speaker, and there where community shipping associations have
been operating for some time the
To-
bought at St. Louis, on which I am making a nice profit. Have in fact sold several head to local killers within the past few days. These cattle ran 1,250 pounds on the farm scales, were trucked to Richmond by the buyers, so I escaped freight charges, com
mission charges, shrink, etc. This feeder said that he would rather not be quoted, as many older feeders than himself, men who had
long played the game and had recently been losers on their feeding operations, are disposed to doubt that there has been money in feeding cattle during the last year or so. But he claims that his operations during the past four years have been profitable. His first purchase in Kansas City was made in 1919 and the investment, freight Included, was $2,660. This bunch was finished on his Preble county farm and netted $6,200. This lot was sold on a pretty high market, the price being net on the farm, or in Richmond. His next bunch of Kansas City cat
tle cost him $2,130. delivered. These
were bought in 1920 and when fatten
ed sold for a total net of $3,370, at the farm. His third bunch of Kansas City cat
tle was marketed in 1921. It was a
small lot of young but promising stuff,
costinar $1,800. and which sold for
$2,900 on the home market. j Hi3 last purchase of feeders was made at the St. Louis stock yards, last year. J The 27 head averaged 830 pounds and cost 6 cents delivered at Richmond. Half of that lot has just been sold to Richmond butchers at 7 cents, over the farm scales, the average weight being 1.250 pounds. The entire lot cost him $1,430 and will net over $2,500 when all sold, based on weights and prices so far realized in the home market. The farmer says that he depends on silage and home grown hay to do
the work. He uses some concentrates
right along, enough to insure health and as an aid to digestion. At the wind up he does his finishing on corn, and then sells. Sells for Net of $15,000
The conclusion of the whole matter
from an investment
ing state that the Inter-Mountain folks ; decided in favor of a 100 per cent pool and they expect to handle the next wheat crop of the members on that basis. As to the U. S. Grain Growers they present a more liberal optional contract, covering not only wheat but
any or all grain the members may grow. -Minimum Weight Car Case On October 7, 1921, the Farm Bureau filed a complaint with the Interstate Commerce Commission, asking that railroads in all sections of the country be compelled to reduce the minimum weight on hogs shipped in cars of standard length - from 17.000 pounds to 15.000 pounds during the summer months, April 1 to September 30, inclusive. A corresponding minimum weight for larger single-deck cars is asked.
During the months of April, May, June, July, August and September, it has been found impracticable to load, without serious danger of injury and loss, 17,000 pounds of hogs in a standard car. In order for the shiDDers to
get their stock to market in good shape it is necessary that they load only 14,000 or 15,000 pounds in the car, but in so doing they are compelled to pay charges on the minimum weight of 17.000 pounds. .This six months' old complaint has
finally reached a hearing, being set for March 16, at the Great Northern hotel, Chicago. Unless a postponement has for some reason occurred, this question is now being debated at Chicago, and we shall be able to inform our readers of the. outcome on Friday or Saturday. Are Eating Less Beef The great war effort of beef growers in 1918 resulted in the marketing that year of 15,750,400 animals, which yielded about seven and a half billion pounds of dressed beef. This number has never been approached before or since. In three years the cattle slaughterings have fallen to 12,271,280, with an accompanying decline of over a billion pounds in beef production. Since 1910 the consumption of beet per head of the population in the United States is shown to have decreased a fraction over twenty pounds. South America and Australia have become the great sources of cheap beef and mutton, and naturally dominate the foreign trade in those commodities. Pork production in 1920 and 1921 fell considerably below the high record made in 1919. Nevertheless, tho home consumption of pork was slightly greater in 1920 and 1921. More lard was exported in 1921 than all meats combined. The total shipments amounted to 893,000,000 pounds.
Report of Condition of the Union National Bank at Richmond in the State of Indiana, at the close of business on March 10, 1922
$16.50; No. 1 clover, $18.50 19.50.
(By Associated Press) EAST BUFFALO, March 16. Cat-
52fff62: No. 4 yellow, 60 j tie Receipts. 150; slow. 2 mlxed,60rriClc. Calves-Receipts, 175; steady, $3
Hogs Receipts, 2,000; 10c to 25c higher: heavies, $10.2510.75; mixed, I$10.75P11: Yorkers, light ditto and
INDIANAPOLIS HAY j P.1. rouehs' 8.508.75; fBv Associated Press stags. $4(y,o.U. ivrt v4pht t Tarch ifiHav-l Sheep and Lambs Receipts, 800;
No 1 timothy, $17.50; No. 2 timothy, I steady, unchanged.
i ir, inn I
(By Associated Press) CHICAGO, March 16. battle 'Receipts, 10,000; market fairly active; beef steers, she stock and bulls, steady; early top beef steers, $8.65; bulk, $7.25 8; veal calves, steady to 25c lower; stockers and feeders slow; weak to lower. Hogs Receipts. 23,-
000; 10 to 15c higher than yesterday's
average; lighter weights iairly active;
back;
practical limit, $10.60;
5: pigs, 15 to 25c up;
bulk desirable 100 to 130-lb. packers,
$91i9.75. Sheep Receipts,- 11,000; fat lambs strong to 25c higher; fat
sheep, steady; medium to good wooled
Baldwin Locomotive 107
Bethlehem Steel, B 64LfV hnver Is tntnllv unknown
Central Leather 37 ledo will soon have a commission firm Chesapeake and Ohio 61 handling Indiana. Michigan and Ohio C R. I and Pacific 45 stock. One Michigan man pledged
v nino copper i ,nn norsnnnllv nil hphalf of his ter-
RESOURCES Loans and discounts, including rediscounts Overdrafts, unsecured U. S. Government securities owned: Deposited to secure circulation (U. S. bonds par value) 140.000.00 All other United States government securities 192.398 56 Total
standpoint, is! Other bonds, stocks, securities, etc.
LIVE STOCK PRICES (P.v Associated Press) INDIANA POINTS. March 16. Hosts Receipts. 6.000; lower. Cattle Receipts, 1.000: steady. (halves Receipts, U50; lower. Sheep Recpipts, 100; unchanged. Hoick Top price hops, 150 lbs. up$10 75 Vtullc of sal-s. eood hotrs. lft sr,lft fiR
nood hofts to iso lb. av lo fir.ft 10 "5 others slow; big packers holdin
Souil Iiors imi to :i in. av i imiviih ton SIOfi.T nr r;ond Iiob 210 to 250 lh. av 10 40W10 50 ' jD- i'' fJ flood hops 2." to 275 lb av 10 25S 10 40 . bulk, $10mI0.4o
Oood hog-s 275 lh. )ip av. 10 m Zj Yorkers. 140 to 150 lbs. av 10 65 down Piss, according to quality 10 25 down (Jofid to best hows 8 9 00
romnion to fair sows X 00 M R 25
Crucible Steel 55 General . Motors 104 Goodrich Tires 40 Mexican Petroleum 123 New York Central 84' Pennsylvania 37U Reading 74 Republic Iron and Steel 51 Sinclair Oil 24 Southern Pacific 857s Southern Railroad 21 Studebaker 102 Union Pacific 132 U. S. Rubber 63 U. S. Steel 95VS Utah Copper 64
stasrs. subject to . dockage. 5 oo fi so lamD3 $i5.2515.50; strong, weight nwlVlXZ a'vearo IS ooio 'clipped yearlings, $12; good handy
rnttlr Qimtntlon
VlllinjC steors. 1250 lbs. up Oood to choice $ 7 75 if? S 00 Common to medium 7 25(if 7 50 Killing Kteers 1100 to 120" lbs Cood to choice 7 r0(f 7 75 Common to medium 7 00(a 7 25 KHltnR; steers, 1000 to 110O lb Oood to choice 7 00 SO 7 60 Common to medium 6 75"(t 7 00 Killing steers less than l,n00 lbs. Oood to best ye:irl Ings . . . 7 SOW S 00 Common to medium 6 00D 6 50 Other yearlinjrs ' 75j 7 25 Stock nnd feeding cattle
Steers 800 lbs. up 7 00i?! Steers, less than S00 lbs.. 6 00r
Heifers, medium to srood.. 4 fiOTi) 5 Cows, medium to pood... 2 75ft 4 Calves. S00 to 500 lbs.... c 00 7
Female nmciier came Oood to best heifers Common to medium heifers Caby beef heifers Oood to choice cows Common to medium cows. Poor to frood cutters Poor to pood canners Hulls and calves
Oood to choice butcher
bulls 4 50 -rn 5 00 Poor to choice heavy hulls 4 25 ii 4 b5 Coii"U'i to good light bulls 4 25 fi! 1 75 Common to good bologna bulls 4 00i 4 50 bulls 4 00f(( 4 50 Oood to choice veals 11 00 Si-1 12 00 Oood to choice heavy calves 6 50Jj 7 50 Common to medium heavy calves 5 505?) 6 00 Micrp nad I.amb (notation. Oood to choice light sheeti$ 8 00i 9 00 Oood to choice heav y sheep S ooi 6 (to Common to medium sheep :i (Htw 4 011 Oood to best heavy lambs 12 0014 on Assorted light lambs.... It nO'ivlS 00 Cair to good mixed lambs 12 OOS1. J4 00 .Ml other lamba OOtoll Oil 1 lucks, 100 lbs 2 00 4 00
00 50
25 00
C 00 5? 7 50 5 50 On 0(1 7 00(fi 8 00 4 50 fir L5
7 5 ffi) 4 25 25iii H 50 50 3 00
:i
weight fat wooled ewes, $9.40S9.50;
talking steady on shearing lambs.
PRODUCE MARKET (By Associated Press)
INDIANAPOLIS, March 16. Butter
Fresh prints, 4041c; packing stock 15c. Eggs 18 19c. Fowls Jobbers' buying prices for fowls, 1722c; springers, 19c; capons 7 pounds and up, 28c; slips, 21c; roosters, 1014c; turkeys, old toms, 30c; young toms, 3540c; capons, 38 40c; young hens, 35 40c; ducks, 4 lbs. and up, 1623c; squabs, 11 lbs. to the dozen, $6; geese, 10 lbs. up, 14 18 cents.
EGGS (F.y Associated Press)
NEW YORK, March 16. Eggs
Market, firm; receipts, 42,695 cases; fresh gathered extra firsts, 2627c; fresh gathered firsts, 21&25c.
RICHMOND MARKETS (Furnlsnec! by Whelan) BUYING Oats, 40c; rye 85c; new corn, 60c; straw, $9 per ton. SELLING Oil Meal, per ton, $60.00; per hundredweight, $3.15. Tankage, 60 per cent, $67.50 per ton; per cwt., $3.50. Pran, per ton, $35.50; per cwt., $1.85. Barrel salr. S3. 25. Standard middlings, $37.50 per ton; $2.00 per cwt. Cotton seed meal, per ton, $55.00; per cwt., $2.85.
ritory at the Toledo meeting.
Welcome Organizations Packers' prices based on actual production costs were predicted by the speaker, who stated that the packers had expressed a willingness for such a solution, as soon as the country is well enough organized, through the commission on firms and the community shipping associations, to control the flow of stock. Five commission firms of Indianapolis offered their fixtures and offices for sale to the farmer company within one day this week, said Mr. Settle, while over 50 expert buyers and salesmen had applied for positions with the farmers' company. These evidences were cited as proof of the faith these parties have in the success of the proposed firm. 50 Representatives
There were over 50 farmer repre
sentatives of six of the eight coun
ties in the district, present in New
castle to hear the explanation of the plans. 'Much enthusiasm was shown in the prospects for live stock marketing. Wayne county representatives were L. C. Palmer. Luther King, Hor
atio King and E. C. Caldwell, as well
as Earl Crawford,
Banking house, $84,000; Furniture and fixtures.
$2,500 - Real estate owned other than banking house.!... Lawful reserve with Federal Reserve Bank Cash in vault and amount due from national banks Checks on other banks in the same city or town as reporting bank Checks on banks located outside of city or town of reporting bank and other cash items Redemption fund with U. S. Treasurer and due from U. S. Treasurer
this: The cost of the four lots of
cattle was $8,020. The net receipts, including the dozen head to be sold within a week, will total $14,970, granting that the few head to sell bring the same price as those sold to Richmond butchers. The farmer claims that every one of the bunches was fed at a profit; that they were all well finished steers and made good beef for home retailers. The feeder claims that not only did he get good returns on his hay, silage and corn, but also increased the fertility of his land. As may be supposed this man feeds hogs liberally, the cattle being practically a side issue. He now has 80 hogs on feed and 130 pigs in the hog house. To Open Sales Agencies The American farm bureau authori-
tively announces that the U. S. Grain! Amount due to State banks, bankers and trust
Total
LIABILITIES Capital stock paid in Surplus fund Undivided profits Less current expenses, interest, and taxes paid. Circulating notes outstanding
Amount due to national banks
55.231.30 6,989.61
Growers have taken steps to establish
sales offices in Chicago, Kansas City, Omaha, Minneapolis and Indianapolis, at an early date. The U. S. Grain Growers' Sales company has been organized to handle the grain. Inasmuch as there Is now in progress an active local campaign for members in the Grain Growers' corporation this news will interest our farm readers. Many who have been enthusiastic over the sales and pooling plans of this outcome of the labors of the committee of 17 have been irked at the
delay m getting into action. It seems
LOCAL GRAIN MARKET Richmond flour mills are paying $1.25 for No. 2 wheat.
LOCAL HAY MARKET Sleady; good timothy, $14 to $15; choice clover, $16; heavy mixed. $11 15.
Money pledged' for the guarantee at this cause for complaint is now to
fund, which is a loan without interest, will be paid to the Indianapolis office
by March 25 and the firm expects to open for business early in April. The
be removed
The campaign in Wayne county is now being conducted with vigor and the first co-operative elevator in
Wayne to swing into line is located
surplus over the regular commission 'I " :' , ,V , io - :at Centerville. Solicitors for the
PRODUCE. BUYING Country butter, 35c lb.; eggs, 13c dozen; chickens, 15c to 19c; hens, 20c.
BUTTER QUOTATIONS The wholesale price of creamery butter is 38c a pound.
DAYTON MARKET Corrected by Schaffer's Commission Company, Dayton, Ohio. Bell Phone 4060. Home Phone 81262. DAYTON. Ohio, March 16. HogsReceipts, four cars; market steady; choice heavies at $10.25; butchers, and packers, $10.25; heavy Yorkers, $10.25; light Yorekrs, $10.23; choice i-ovvs, $8 & 8.50: commoo to fair, $7.50 y8; stags, $45.50; pigs, $9.50010.25. Cattle Receipts, eight cars; good to fair butchers, $5.50 6; choice fa: heifers, $510; good to fair heifers, $45; choice fat cows, $3.5004.25; fair to good cows, $33.50; bologna rows, $1.502.50; bologn.T bulls, $3.50 4: butcher bulls, $404.50; calves, $709. Sheep Market, steady; $2.500' 5. Lambs $10.00(5 12.00.
(Special to The Palladium) CHICAGO. March 16. Butter Market, higher; creamery extras, 39c. ISggs Receipts, 9,292 cases; market higher; lowest, 2ira21V2c; firsts, 22 y3 rct23c. Potatoes Market, dull; receipts, 42 cars; total United States shipments, 897 cars; Wisconsin sacked round
whites, $1.65fol.75 cwt.; bulk, $1.75?j 1.S5 cwt. Minnesota sacked round whites, partly graded, $1.60?tl.70 cwt. Idaho sacked russets, $1.731.85 cwt. Wyoming sacked russets, $1.70 cm.
(By Associated Press)
CINCINNATI, Ohio, March 16. Butter Whole milk creamery, extra, 41c. Eggs Frime firsts. 2223c; firsts, 21 22c; seconds, 18c. Poultry Frys, 35c; springers, 24c; hens, 24c; turkeys, 40c.
REALTY TRANSFERS Elizabeth A. Scott, Exr., to John F. Hipskind, $1; lots 511-512, O. map, city. Arthur Ross to Chester C. Hudelson, $1; lot 169, Beallview. Mary J. Becksmith to Woodson T.
Batman and Julia A., $1; lots 149-150 C. W. Ferguson's Add., city. Matie C. Myers to Thomas J. Wheeler and Iva, $1; S. E. 26-17-13.
Guy J. Belden to Moore H. Beldon, $1; N. W." 2-15-1 2. Edith C. Snyder to William Kreider, $750; N E. 16-14-1.
charge, which amounts to $12 a car at present, will be refunded on a patron age basis, at the end of the year. Loans also will be repaid from profits
of the company as soon as possible
Grain Growers have been present to explain the "plan" and for soliciting
signers to contracts at all recent township meetings, several called meetings
Local shipping associations will be l'"""6 "c,u l" nu,t luv"
i.uai gcu a. mem uci snip ice ul
which will be the same for county as
sociations also. Individual farmers
may take out single memberships at $10 apiece. Non-members of the farmers' federation may ship to the firm but will be entitled only to a half patronage refund, the remainder of their surplus charges being divided among federation members in the territory from which the non-members ship.
Farm Sale Calendar
I By Associated Press) ctjA'KLAKD, Ohio, March
16.-
LIBERTY BONDS (By Associated Press) NEW YORK, March 16. The final prices on Liberty bonds today were: 3 ....$97.02 First 4 97 20 Second 4 97.38 First 4U 97.54 Second 4i 97.64 Third 4U 98.72 Fourth 4U 97.82
Victory 34 i 100.02 Victory 44, 100.70
The Farm and The Farmer By William R. Sanborn
. Saturday, March 18 L. O. Morris Estate on L. O. Morris farm, five miles northwest of Richmond, five miles northeast of Centerville, north of state farm. Clean up sale; at 12:30 o'clock. Tuesday, Ma red 21 Gaar farm, 2 miles northeast of
Richmond. Public sale of livestock
at 1 o'clock.
Wednesday, March 22 ! Howard Williams, 3 miles northwest of Williamsburg, 3 miles due east of Economy. Live stock, implements; 1 o'clock. Thursday, March 23 Community sale at Middleboro. for the repairing of the Middleboro M. E. church, at 10:30 o'clock. Donations or anything to selL Will give four per cent for selling. Clyde Thomas, telephone 54631. The metric system is now used all over Europe, with the exception of Russia and Great Britain.
companies in the United States and foreign
countries (other than included in items 21 or 22) ,. Demand deposits (other than bank . deposits) subject to Ressrve (deposits payable within 30 days): Individual deposits subject to check Certificates of deposit due in less than 30 days (other than for money borrowed) Dividends unpaid Time deposits subject to reserve (payable after 30 days or subject to 30 days or more notice, and postal savings) : Certificates of deposit (other than for money borrowed) Other time deposits Postal savings deposits Bills payable (including all obligations representing money borrowed other than rediscounts)
Total
463,282.31 446.02
332,398.56 258,732.47 86.500.00 13.670.0rt 48,179.94 84,796.29 4,396.71 2,792.55 7,000.00 $1,302,194.85
100,000.00 4S.241.69 140,000.00 3,445.16
26.29
456,826.97 29,008.61 37,50
149,657.42 1S0.000.00 1,751.21 30,000.00 $1,302,194.85
A farmer and cattle feeder, In his comment on our cattle feeding story in this column on Monday, stated tnat he had been buying his feeders' in Kansas City or St. Louis, in preference to picking them up at Indianapolis. "In the first place," said he. "you can find just what you want in beef breeds at Kansas City; cattle that
don't hark back to Jersey origin or to dairy herds. I have found too much
of the Jersey strains in the feeders
offered at Indianapolis, as a rule. If you happen to hit a day when some good red beef stock comes in, you may be able to make a good selection of feeders, but might spend a week at the Indianapolis yards and not get what you wanted. But you can find the real beef breeds at Kansas City at all times and In sufficient quantity that one can pick out the ages, weights and type of Individuals desired cattle of uniform type which will mature at the same time hnd will put on weight and fill out as beef breeds should. The same is largely true as to St.
Louis. Am just finishing off a bunch,
Several Other Grain Pools
We must not suppose that the U. S. Grain Growers are presenting the only widespread pool or co-operative selling
I plan. To the contrary the Inter-Moun
tain and west coast states have a number of pools, on an entirely independent basis. It is felt, however, that all
of these will work in harmony. For
example, there was a meeting in Den-!
ver a few days ago of the "American Wheat Growers, Associated," which embraces various western state organizations. At this important meeting a resolution was signed by the representatives of the various state associations and also by those of the U. S. Grain Growers, Inc., as follows: "All of the associations herein represented must recognize the good faith and high purposes of all the various groups in organizing into associations the grain growers of America, and we pledge ourselves to conduct out respective campaigns in conformity with the principles of fair play." Burying the Hatchet As has been generally known in cooperative circles some folks have had a hatchet in hand for the U. S. G. G. in various spots in the west; also there
nave been large co-operative pools formed to market grain in the southwest, notably in Kansas. That all
these pools shall work in harmony, if not in unison. Is important to all grain co-operators, of course, and the burying of the hatchet at Denver is highly gratifying. Press advices from the Denver meet-
State of Indiana. County of Wayne, ss: I. Henry J. Koehring, Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. HENRY J. KOEHRING Cashier. Subscribed and sworn to before me this 15th day of March, 1922. BENJAMIN F. HARRIS. Notary Public. My Commission expires October 2, 1923. Correct Attest: . GEO. L. CATES WM. D. LOEHR CHAS. A. McGUIRE, Director.
TO
OClYlLt
McCONAHA'S Phone 1480
Planting Time will soon be here Garden and Lawn Seed
OF ALL KINDS
See Us Before Planting
J. H. MENKE
Coal Flour-162-164 Ft. Wayne Ave.
-Feeds
Phone 2662-