The Mountainair independent., 1920-03-18

tainair, J. G. Hamilton, county "a
gent Torrance County and H. c.
Stewart, county agent Of Berna-
lilo County.
The meeting was called to or
der by the president, c. NJ Mil
bourn and its purpose stated
which was to consider the market
conditions as they now exist.
From information furnished to
! them by the sales manager, who is
in touch with the conditions eX-
isting all over the country it was
clearly indicated to the board
that all was being done that could
Be done and that the PREVAILING
conditions were beyond their con
troll.
From advices received from
Anunoo 9ql 10 suono0s lu7I7JJ!p
the feeling generally expressed
was that the price will soon i'm
prove and that the demand would
GROW stronger; that the price on
Pintos was entirely too low COM
pared with other food values.
Jobbers over the United States
have no stocks, they are afraid
to take on any with declining
market starring them i'll the face,
They are just trading in a hand
to mouth fashion only buying
when forced to by their custom
ers. Later on they will have to
come into the market and secure
what will be necessary for them
to have to 90 THROUGH the season
Reports from Colorado show that
they are almost entirely shipped
out. One large dealer up there
has BOUGHT several ears from us
qnd would be willing to take uD
The entire balance of our croD It
they could oet it at a price that
would cost them about 4 1-2cents.
; IN fact they have made an offer
70 that effect which we have not
for one moment considered. II
they could do this they would
have the situation in their hands
and manipulate the market TO suit
themselves.
One great factor in this low
price and poor demand has been
the low price and unsettled con
dition of Foreign Exchange.
: Had exchange been normal a
large portion of the crop Of the
, +. S. would have been shiDDcd
| abroad. This would have stimu-
lated our home markets and
> price and demand would both
> have been good. Pintos would
, have famed in this shipment as
we'll as all other varieties.
+ EXCHANGE is showing some i'm
? nrovomcnt and has advanced
f considerable and may soon
reach a point that will Justify II"
> exporters in coming in our mar
= ',ets for large consignmentS to 90
5 abroad. If they do we can figure
! on getting in on some OF the
| ohiDment as well as the benefits
:: hat will come to us by havino
: these beans 90 out Of our country
2 In the event of this happepinc
3 YOU will see the iohhers tumblinc
over each other trying to secure
e what they will have to have to q
V through the season Let s pray
/ that something like this will hp
a ncn.
S Rcnorts from Michioan show
G 4hat they ONLY have about 9O(
/ oars left, California has only
q 'nitod cunnlv. Co'0rado shin0eC
!. out. also New York and Idaho
e We have only about 200 cars, Il
t fact this all goes to show tina
8 there is no over abundance o
beans in the country.
S Tie price Of our beans is usual
y set by the price that the pinl
bean is being offered at but d
' present we are considerably be
low that price. We can trace
very Great amount Of our trou
g bic to the door Of the local beal
buyer who has "bulldozod' tn
grower into believing that til
If market has gone all to piece
II and gotten him to sell to ther
s and in some instances as low q
r 3 ID cents per pound and wit
3, these beans he established tn
|. low priced market for all beans O
1t this variety This conditio
(. will continue lust as long as h
j. can gct cheap beans. It is the oil
10 iect Of the bean buyer to do eN
j. crythmg that he can to disrur
4 =.