The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-05-25

we are assured by the College Corner
Milling company that several farm
ers are still holding all or parts Of
their last two wheat crops"
This reminds US that along last win
ter it was reported that one or two
agriculturists in that zone had three
wheat crops stored, without hope,
however, of getting anywhere near the
high figures which had been for so
long obtainable, and quite often re-
fused.
A buyer at one time phoned these
men, knowing they had thoroughly
seasoned grain of good quality, bid
ding $2.95 If delivered at track next
day. Make it $500 and it's a CO."
said the farmer. Have offered the
last copper l can afford. in fact q
nickle more than I should pay" said
the buyer. and so the deal was of.
That was the day the farmer closed
the door on old man opportunity"
who has not since then passed that
way, with such tip top bid.
But none of US are prophets, or
even the sons of prophets. Still, at
that, we may have our share Of COM
mon sense and the spirit Of fairness
which permits the other fellow to
make a pTOnL on MS zeal.
That Five Cent Loaf.
Just when the long anticipated Five
Cent loaf might reasonably have been
expected to make it's welcome appear
ance in our grocery and bakeshop win.
dows, the board Of trade men advanced
May wheat so cents, and cash wheat
in proportion, whereon the millers
jumped -four a dollar per barrel.
This all oh0nt hoNanSA
reporters were unanimous in stating
that the growing crop was going back
ward. In central Kansas, for instance,
there was 100-in-the-shade weather on
Monday, and only one shower reported
in the state. Oklahoma has also been
crying for rain. There are good spots
in both Kansas and Oklahoma yet.
but unless generous rains fall within
the next few days there will be much
shrivelled and prematurely ripened
grain in both states. Nor are the
crop reports from the central west all
rosy. Southern Illinois wheat is not
all of a good color, owing to several
spring freezes.
No injury whatever has been report.
ed from the spring wheat states.
The Board and the Legion.
1t is of interest to relate that at
least one post of the American Legion
has gone on record against the Lantz
bill. prohibiting trading in futures and
placing the Chicago board under con
troll of the Illinois department of agri.
culture. This post comprises the ma
jority of the service men connected
with the Board of Trade. In their
letter sent to all Illinois legislators
they say: owe ask for fair play fol
an institution that has stood always
for American fair play and patriot
ism" The letter further states that
| the board would be wrecked by the
pending legislation.
Bankers Warn Cotton Farmers.
What one might consider the wore
with the bark on" has gone out from
the Mississippi bankers. They have
warned the planters that loans to buy
! feed and foodstuffs cannot be made
after July /, also that they must Gu,
| their cotton acreage. This notice as
to cotton went out some time ago.
With an average crop of cottor
next fall the price will be ruinous,
! say the bankers. who give notice tina
1--WE will make no loans to any person
after July 1 next where any part o
the proceeds is to be used in buyint
/ foodstuffs. In other words, If you ex
pect to buy your feed next year insteaa
OF growing it yourself, then it will b.
necessary for you to borrow you
money from some one besides u.s."
The bankers state that last yea
they loaned more than $1,000, 900 t.
purchase food for families and cattl
and at the same time had to carry BIZ
lines Of frozen credits" in cotton.
The Federal Reserve bank at Atlant
has appealed to farmers in that sex
ton to plant less cotton, as it is feare
that bumper crop will bring ruinou
prices.
Farmers are Selling Wheat.
The recent advance has brought GU
considerable wheat from farm bins
The fact that the new harvest is blu
a few weeks away is also a factor i
this movement and the cause OF man
a load Of wheat reaching country elt
vators, all of which have been payin
about $3.50 for good article.
Most elevator men complain of
draggy business in corn. They sa
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