South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-10
FARMER FEELS
EFFECT Of CRY
AGAINST H. c. |.
Prices at Chicago DemOraIized
But Rally is Seen-Prod-
uCtS to Stay High.

The public cutlery against high
living costs. with the attack centered
upon foodstuns has paramount i'm
terest for the farmer Already fl has
demOraiized prices a. Chicago all
though rallies follow reinsurance
similar 20 that conveyed in Julius
Barnes statement that wheat viii
not be reduced 20 the consumer
until the world market justihes this
action
The immediate effect OF current
agitation is self-evident The per
manent effect lies more In doubt
The wheat guarantee remains and
the government does not intend sell
ing below il. Governments surplus
food stocks are small relative %
total needs. The world food short
age. which furnished a basis for ris-
ing markets. has not abated one
iota Rather deterioration Of the
American wheat crop. actual damage
TO corn and oats. and unfavorabie
crop conditions at points abroad
enhance it. Supplies will barely
equal demand.
High Prices Seen.
Add these factors to currency in
flatOn. continuing high wages. and
high prices for manufactured ar
ticles. and high prices for agricul-
tural products seem bound 10 pre-
vail They may recede from recent
levels and probably will not trans
cend them. The markets viii be
subject to greater fuctuation. But
other wars suggest the outcome.
High prices must abate in response
20 changing world conditions.
The present movement should ac-
complish certain definite and bene-
fetal results. however. 1t should
end further manipulation OF supplies
and forbid price advances that have
no economic justification and affront
the reason. IL should check the ris-
ing tide OF speculation i'm foodstuffs
and other commodities And finally
il should bring into sharp relief the
need for increased thrift and multi
piled production. as herein lies the
true antidote for rising prices.
Meantime. let the light of ''pitiless
publicity he turned. not alone upon
foodstuns, but upon shoes. wooden
goods agricultural implements. and
other products which may net exces-
sive products
Wheat Receipts Large.
July wheat receipts at FIVE leading
markets were the second largest on
record-32. 100000 bushels August
usually brings the largest. Last year
q
as last, the farmers are fastening 10
market their wheat The fixed price
gives no incentive for holding the
crop. Wheat is now being harvested
throughout the Dakotas and Can
ada. hurried TO maturity by the hot
weather. Northwestern Ohio and
southern Michigan reported an acute
car shortage prior 10 the mid-week.
Rain has revived the pastures and
viii encourage the feeding of range
cattle and sheep.
The impending railroad strike if
10 became widely extended. would
infict great injury upon the farmer.
preventing or delaying the shipment
ct livestock To market and paralyzing
crop movement The farmers have
united with other classes in protest
ing strongly against any move so
prejudicial 90 the nations interests.
Much Importance attaches TO the
department OF aTlCultures recent
decision To compile monthly live
stock estimates. I'm place Of a single
yearly estimate. showing what pro-
portion is breeding stock. what pro-
portion growing stock. and what
proportion marketable stuff These
estimates will show quality as well
as bers-the proportion OF pure
bred and srade animals and scrubs.
Further estimates VIII show how
much feed Is ou hand and IN pros
pect. and the condition of pastures
and ranges throughout the United
States
The last named should increase
livestock production as we'll as
profits TO great many stockmen Ii
VIII make quick shifts OF livestock
from short pasturage 90 regions of
plenty.