Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-05-17
GRAIN DEALERS MEETING
LDJ0URNs MONDAY NIGHT
tcoNTINrEp FRoM pAGE oNEl

CONTINUED FROM PAGE ONEl
We had acreage IN wheat producing a
total yield Of approximately three mil
lion bushels.
To-day we have about ono hundred
and fifty grain elevators with a total
storage capacity 81 about four million
bushels. Our wheat acreage has like.
wise increased 10 the point where we
may confidently expect. taking into
consideration the abundant and timely
rainfall we have just hail. n total yield
for the ontirc Panhandle Pains TORT.
tory az nj least fifteen million bushels
and possibly eighteen million. this rep.
rescnts growth and development Tor the
past five years II II my prediction
that this great wheat producing section
OF the State 81 Texas viii within the
NEXT ten years add fifty million bushels
70 the nations wheat crop.
we are approaching the end ~ prob.
ably the most distressing crop year
we have ever had. While conditions
are stu more or less unsatisfactory u
IN pleasing 20 note that everywhere a
feeling OF optimism IL fast prevailing
This feeling II optimism Il by the
minds Of some. based upon the new
crop with the belief that there mus, he
change for the better. az Il would
seem iirpcsyshle for conditions 90 be
worse.
Eve have been continually facing a
deflation rrriod for the past eight
months. and during this deflation all
business necessarily suffered and We. as
grain dealers. shared the common lot
our business II never good ON declin.
Ing market but II was unusually hard
during this period on account of the
violent price decline In wheat.
"The past Of this crop Is nc, pleasant
90 contemplate and n the future hcld
ucthing better We might well feel Dc.
upondent. but fortunately every sign
points 10 better times
we enter the new crun year with a
promise 20 use an appropriate SAYING
More business In government and
less government IN business. We shall
ZEE Congress reflinding our great debt
an some basis that viii relieve the load
a taxation under which We have Ia.
bored the past few years. We will un.
Qusstinably very soon soc settlement
II our foreign situation which win atl
the adjustment Of international financ.
1ng. We shall see a tariff law enacted
upon scientific lines % dictate 70 the
nrcds II the worlds trade aud which
has always resulted In national prns.
prrfty. We shall see reduction IN rail.
road costs and relief In burdenlng
freight rates.
I'VE enter on this next crop with a
gradually cheapening money market, n
quickening industry and decreasing un.
employment, therefore. while all the
clouds Of business troubles have not
passed over and there will be- for
months 10 come the necessity Of watch
your step" we have every reason to be
hopeful that the next crop holds better
things for US and We can again enjoy
20 reasonable degree n period Of pros.
ysrity."
The extract manufacturers were more
in thier opposition 10 the
new tightening measure. one witness
reminding the chairman that his en-.
ecrccment act had To- b amended IN
H. houSoJn u<oer tu'xnc ,hcm chance
90 i've
Charles d Joyce. presiden, Of a flav.
ortng extract association. declared no
man had ever gcen agile 10 dring lem.
on extract In sufficient quantity 20
mako him drunk and live 20 tell the
lale.
Tho only man who ever tried 10 do
u, 90 my knowledge. Mr.. Joyce said.
had 10 line his mouth and taroat with
ln1cum powder before taking the first
uwnllow."
Tho witness was asked II he knew
anything cf taking the fire out Of ex.
lract through piece 81 bread. which
soaked II up like a sponge. hut he had
never heard of u. nor had he ever
heard q Jamaica ginger drinking ficnds.
- sdded.
I've seen droves Of them" said
chairman voissead.
The truck bin and It's effect on the
farming interests Of the Panhandle
country came IN for discussion. "A.
dressing the convention on the subject
Henry Ansley explained the bin and
the only way 60 avoid 10 effects Is 20
repeal H. ho declared. Tn. hill passed
~ the special session q legislature and
the Governor Withholding veto or ap-
proval. II becomes a law July 1. I'm.
Iea1 repealed Panhandle farmers must
% hack 90 che ox and mule way de-.
ciared Ansiey. and he Indicated that
the ancient mode ~ transportation
might suit Fast Texas. but docs not
ypect the conditions on the Panhandle
Plains. A resolution was passed by
tne convention favoring repeal or
amendment M the measure and offer