The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-14

foods. Nothing could be farther from
the truth. Should the government
give us free bread it would not re-
duce the price of either bacon or
peaches a cent, because flour is not
substitute for either.
Nor will low priced cattle necessar-
fly give us low priced leather, or even
hides. 1t isn't question Of how low
we are getting our beef, but how great
the demand for shoes, and for leather
for various uses, and also as to the
cupidity Of the men who own the hides
and manufacture the product there
from. Cattle may advance while
hides decline, and vice versa.
Removal Of Price Limits.
The speculative and milling inter-
ests are in favor of the removal OF all
price guarantees and restrictions on
wheat. Not that they believe that
prices would drift to lower levels and
bread become cheaper. but that they
want a free hand, as formerly. Many
farmers are also in favor of this, be-
| cause they. believe that wheat would
sell higher, If not Immediately. then
later on, and this would give them a
chance to hold and to get more
money.
There was some talk as to the ex-
| pediency of this move at Washington
a few days ago. but Mr.. Barnes
showed that our present price is about
on parity with the worlds market. ON
an export basis, and it was decided to
let we'll enough alone, at least for the
present.
| This obviated the supposed need for
paying the farmer as agreed and then
CO lirr NJ fnN xryoi a
providing cheaper bread to our people
Argentine recently fixed the export
price at s1.56. to compete with Amer.
lea in Liverpool, after adding freight
and insurance. It is unlikely that any
further action will be taken as to
wheat until the guarantee expires
though of course there may be.
What Farmers Claim.
Farmers tell us that they are getting
no more for wheat now, than when II
brought 80 cents or a dollar, because
the buying value of the dollar has
been cut in two, owing to added cost
Of labor and every supply they have
to buy.
Thomas Williams of Richmond, g
practical farmer who lives in town
cites the advance in land values anG
higher local taxation, the income tax
the greatly increased cost Of labor, i'm
Elements, fertilizer, the various com
mercial feeds, etc, and in this al
farmers generally agree.
Williams admits his belief that botf
corn and hogs are too high, owing tt
conditions over which the farmer ha!
no control, whatever.
THE amount of land, comprising the
corn belt, is limited. and it can no
be broadened," said Mr. Williams
land it seems that he whole world i:
now hungry for hogs or hog products.
This may be taken as a concrete
summary Of the present situation; ont
likely to persist for some time to come
Reducing the H. c. L.
That prices are to be reduced, a
least temporarily, is becoming evident
Strange to state the effect Of govern
ment, state and municipal action IL
Chicago. has not only appreciably re
duced the cost Of many articles blu
has also increased the receipts on tn,
open market, showing that a lot o
storage goods have been frightened
from cover.
There was a large sale of arm,
canned goods in two Chicago depart
ment stores on Tuesday, the openin,
day Of the sale, at which 10000 can
of corn and peas were sold at a savin:
Of so per cent over prevailing prices
To meet this competition many retail
ers cut prices on last years vegetable
pack. Water melons, cantaloupes
peaches, etc, have all declined ma
terially both in Chicago and the east
; since the agitation for cheaper foo