The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-02-27
FARM LOANS IN DEMAND.

Judging from interviews with coun-
try bankers farmers are borrowing
freely, the banks reporting a broad
demand for loans.
J. f. LEAS, pesident of the First
State Bank, West Manchester, Ohio
A few farms will be transferred here
on March 1, but can't say how many.
Prices are pretty high, and one small
piece OF land at edge of town sold for
$500 or better per acre not long ago,
and farm was sold recently at $3.50
per acre; it was fine tobacco land.
There will be a number of changes of
tenants on March 1.
AS to reduction of acreage, farmers
who are dissatisfied with present live
stock prices may feed less, and in
view of labt - ,roblems many will like
ly farm the easiest and safest way
and cultivate less land. There is some
inquiry for new tobacco at 16c and
some little has been sold at 1Sc l am
told. There is a great demand for
money and interest rates are firm.
Money in Demand at Lynn.
0. j. PERSON, Banker at Lynn
There is a large demand for money,
one that we are hardly able to supply
Several farms will be transferred here
on March l, mostly sold last summer,
and none sold of late. There are us.
ually a lot of changes among the
tenant farmers and this spring will
see considerable shifting, most likely
Some plan to cut their acreages and
will also feed less hogs, they tell us,
but this is not the general idea. 1t
depends on how the farmer is fixed to
handle his land. in spite of hired help
being scarce. Oats will take the place
of wheat, which was cut some last fall
anyway and some likely to be plowed
up. This is good oats country
Sell 26 Acres for $1,000.
THOMAS BRENNAN. of the Foun.
tain Bank, Fountain City-The Orville
Price farm was sold here on Monday:
1t adjoins the town on the south An
other small farm was sold a few days
ago, a mile east of town. Quite a
number Of farms have been sold within
a year at prices ranging up from $50
TO $275 per acre. and possibly higher
There will be many changes in tenants
March l, perhaps greater number
than usual. No talk of cutting crops
that I have heard. There will be an
increase in corn and oats because OF
what has happened to wheat. Some
that, but most are planning to farm
and raise live stock as usual
ALLEN RIDGE. Fountain Citv-Re
garding the OrvilIe Rich sale. the &c
acres brought around $1,000, the place
being well improved. Earl Odell was
the purchaser. The Sam Ball place
fraction over 20 acres, was recently
sold to John Freeman at 5000, The
buyer sold his own 40-acre place al
1925 per acre a short time since.
Transfers at WILLIAMSBURG.
WILL. LEWIS. of the First National
at Williamsburg-Farm loans are in
demand ard we have so far taken care
Of our customers. We have OCCASION
ally borrowed from the Federal Re
serve, but not recently. The govern
ment is inclined to favor farm loans
and to discourage loans for speculative
investments.
Several farms have been sold in our
vicinity and three are being trans
ferred today, for instance: Clarence
Pitts farm to George w. Hutchinson:
EnOs c.. Veal to Charles Study, and
William CooDer to w. R. Bogue, with
others to follow by March l. Have
heard no talk of cutting down plant
ing. May add that there has beer
more changes in ownership Of towr
| property than in any year in my recol
lection
Will Plant AS Usual
JOHN CHENOWETH,c cashier Farm
ers Bank. Losantsville-Our farmers
are an industrial and sensible lot O
men, who usually farm to the limi
and are likely to do so this year
though possibly some will curtail feed
! ing operations, owing to live stool
prices. Quite a few farms have beer
sold. some at double the prices asked
! in 1918.
Believe the winter crop of hog!
pretty well marketed. Don't thinl
farmers will buy so much commercial
feed in future, unless prices drop, blu
will feed what they can grow to bes