South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-06-07
AGRICULTURE
Business Interests Oppose
Passage of Nolstead Bill
Wheat Prices Erratic With
out Hedges.

Passage OF the Volstead bill as
substitute for the Capper- Hersman
bill 10 leRalize collective bargaining
b. food producers is an event Of
deep significance. IL marks n for
ward step IN the farmers move
fnent 20 gain a measure OF control
over prices at which food products
are sold and 10 insure a fair return
on Investment. To protect the pub
iic the bill empowers the secretary
OF agriculture 20 stop practices
deemed in restraint of trade. Bus
incss interests are lighting the bill
on the ground that IL is class legis-
D. ton. savOrs OF monopoly, and
gives the farmer privileges Of COM
binatiOn which are denied 10 bus
mess.
Dealers in wheat feel the need of
hedging facilities TO stabilize prices
IN the open market which resumed
on June ! and 10 offset the infu-
ence Of intermittent foreign buying.
The grain corporation. after handling
more than 600, 700, 600 bushels OF
whelt during the past three years.
has disposed OF all it's holdings and
Will speedily wind up its affairs. In
this connection IL Is interesting to
note that Atty. Gen Palmer in his
reply 20 the QUESTIONABLE sent out
b. the national board OF farm or
CARNATIONS favors government reg
ulation of the exchanges dealing In
fOodstuffs. Many farmers believe
that prices are manipulated on the
grain exchange 20 their disad-
vantage. Undeniably prices are
raised TO the consumer and lowered
70 the producer by speculative
PROFITS in the grain trade.
Want Bean Tariff.
Bean growers are anxious 10 Sc
cure a tariff on imported beans rep
resenting the underpaid labor of
oriental countries and hail gladly
the evidenct OF progress contaiend
In the house ways and means com
mlttee's favorable report on a bill
Increasing the bean tariff from 25c
20 S1.25 per busheI Apparently a
higher tariff on beans is needed. The
acreage planted this year falls . -
percent below last years acreage,
As reported by the department OF
Agriculture. due TO the '.unsatis fac
tory market" Michigan bean grow
ers urge passage of the higher tariff
20 prevent further deterioration of
the bean growing industry.
The tariff would raise prices Of
fhe home variety above prices at
which ANlhhA u 0hN HOW ENlOf the
Growers concede. but in the end
would prevent prices from reaching
unprecedented heights by enCOuTag-
Ing production. The domestic bean
Industry faces very serious curtal-
ment unless il receives protection
according 70 producers. The bean
crop OF the United States last year
was about 1900. 600 bushels Nearly
5000, 900 bushels of beans and len
ills were imported. OF these 2,40O,-
OO0 bushels were re-exported. TX
ports OF domestic beans approx
tmated $500, 600 bushels
Pool Wool Shipments.
Michigan wool growers are in
process Of pooling millions of pounds
OF wool for shipment and sale under
direction Of the state farm bureau.
The enterprise merits the attention
OF farmers in other states because
a insures the highest price ar "a
time when the wool market is de-
clining. The anticipated success OF
the Michigan pool VIII. encourage
fhe formation OF similar pools
The tide Of emiEra ton is turning
81 the direction Of America and
FARMERS see In the influx of aliens
now reported material relief from
The prevailing labor shortage Re
cent reports from the main agricul-
tural regions indicate that Condi-
items are gradually improving