Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-12-05
HEREFORD FARMERS
NOT DISCOURAGED
CROPS ARE MOVING
Bankers Are Caring for Needs Of An
Old Customers
by RAY u. McCORKLE.
staff cnrTcspondont.


HEREFORD. Dec. 4-Nutwithstnnd.
Ing the fact that the recent grain and
livestock markets have proven very
unsatisfactory a. the producer. farm.
crs and stockmcn In the Hereford coun.
try are by no means discouraged.
Many of them have sustained heavy
losses during the past year. but as a
whole they were expecting losses dur.
INK the days NJ reconstruction.
In one instance Hereford stock
farmor purchased a large number OF
hogs. For these hogs he paid some.
thing like II cents. After feeding
them for many weeks at an enormous
cost he now finds that he can get
something less than 10 cents for them.
Such instances are not uncommon.
a wheat farmer was offered, during
the early part u the season. f255 for
his wheat Thinking that the price
would advance In later months he
stored the grain He now has some
five or six thousand bushels of wheat
on hand and the market Is about 81 so
per bushel.
However, Il may safely be- srid that
farmers In the Hereford country got
better prices for their grain than mos,
Panhandle farmers. r. ". Harrison
Of the Harrison Elevator company Ia
largely responsible Tor this. Early IN
the season h. made n successful fight
10 secure ears Ia move the grain.
Farmers were urged by him to sell
their crops while prices were good.
a. result majority ~ the Deaf
Smith county wheat was sold nj prices
near 81 90 the bushel.
Mr.. Harrison has one of the most
modern elevators nj the Panhnndl,
and will handle during the season
some $4,000 000 pounds of grain. Tho
elevator has capacity Of IS 600 bush
cls daily Many new Improvement
have been made during the past year
aud Mr.. Harrison expressed an opln
ion that the elevator would be able
10 handle all the grain brought {,
Hereford
Farmers IN the Hereford country
are planting a large wheat acreage.
and had II not been for weather con
ditions. even a much larger Hcreag,
would have been planted. according u
leading producers.
Money matters. whilc serious. are
not considered disastrous. Banks have
thus far been able 90 care for tho
needs Of their customers. No new ac.
counts are being made. though farm,
ers are being extended sufficient credit
Ca enable them to make another crop
Hereford has three banks and IA
recent bank statements show that they
have more than a million dollars in
! dividua deposits.
Some paper In being carried over.
though n large number of creditors
have either paid off their notes OF
reduced them. Some Eastern money
has been brought into the country.
though the amount Is considered small
Bankers. while they realize the So.
robustness ~ the present situation, are
optimistic. and express the opinion
that with another good crop conditions
viii lie much better Farmers this
years were compelled 10 pay enormous
prices Tor labor and seed and wcr :
then asked to sell grain al vcrv
low figure. Grain prices next year
may not be sn great. II has been poig
ed out. but the costs at production VIII
he less
Hereford farmers. ~ q whole. ari
In a fairly good condition and are now
preparing Tor a bumper crop next set
! son.