South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-11-07

The packers have submitted u
r.t uIa~ Tor control ~ tine t'..
yards whereby trustees appointed nt
Tie federal court EII have charge
End stock raie.r- shalt have the fII~l
opportunity to buy stock iu me cor
porauou operating the Yards Iht
trustee shall have th" right t0 near
an complain REGARDING mana
ment of the stockyards and shall
correct any practices WHIeu may
nd 20 restrain commerce or ift'
competition.
The government views The pack
crs' second piar as an Improvement
upon the first but must consider DO
at length and viii insist that the
trustees have the power Co block
any attempt BY the packers 20 re-
gain control OF the yards.
The packers degree Of control
over livestock prices and the ma
ture Of its exercise are variously re-
garded Some market commcnta-
tors and many livestock raisers be-
i!eyc the packers are purposely de-
pressing hog values so that they
may dI their coolers with cheap
pork. On the other hand. the Breed
ers' Gazette. the leading publica-
ton circulated among livestock
growers reminds that the packers
can neither make hogs nor cattle
20 order when there IS "a scarcity OF
given grades. nor deny thesclves the
privilege OF marking down values
when there IS Ciut Of supplies and
unsatisfactory outlets for products"
They probably have no desire TO
discourage production" the Gazette
continues Their own self-interest
prompts them 20 encourage stock
Keeping. and they have done won
dcrs in building up markets for our
fccdlot products. Their plants are
patterns OF efficiency" Even now
the packers are cooperating with
livestock commission men 10 inves-
tigate and find means of preventing
violent fluctuations in the price Of
meat animals. The packers admit
tcdly take a small margin OF profit.
considering their meat sales only
and In normal times. The fault
seems TO lie rather with the system
Of marketing which alternately
floods the market and drains 1t
dry.
Makers OF farm implements are
willing 10 rcalign their prices. II IS
said. but ind costs still very high.
Wages are practically the same. al
though efficiency Is on the upgrade
Freight rates are materially higher
than last summer. Fortunately the
price OF coal, coke. iron and steel
IS headed downward. Opening OF
the spring trade may witness some
attractive reductions in the price Of
implements. which has been excess
siveiy high. On the other hand, eX-
port demand for Implements gives
signs Of a further revival and indi-
Gates a widespread demand for
American machinery. Exports dur
ing July and August increased 81
percent or nearly $4,000 600. with
Italy. Sweden. the Philippines, and
Canada good buyers.
Farmers representatives at Wash
ingtOn and elsewhere have formu-
lated and presented several differ
ent plans whereby the government,
the banks. or some other agency or
group OF agencies may finance the
crop holding movement now under
way. one banker points out "a sail
ent fact in the discussion. The cost
az financing crops beyond the har-
vest time IN small units is more
costly than I'm the middleman's large
unit Either the banks must con
tinue the current practice OF finan-
cling the middleman instead Of the
producer or they must set up suit
able machinery for handing multi
plicity Of small accounts and charge
the cost 10 the producer: or the pro-
Queer must combine the small units
into large ones and let experienced
men conduct the marketing
The latter method is the more
practical and has already been tried
with good success