The Julesburg grit-advocate., 1921-06-09

an item appeared in the Chicago Tri1
bune, what would that prove? What
sort of verification is that? Thel
fact that the Tribune published GER
tain thing, in no way verified theI
| truth of the statement.
"Tn the other hand. if your Chica-
60 office verified the statement
that a certain person made bid Of!
'29c for corn in the Fort Dodge, Iowa ]
territory the person who so VERIFIED
the bid could not but have learned
at the same time that such bid hadl
no value-that no dealer in grain nor|
! any individual Iowa farmer would
give any recognition to such bid.
when Liberty Bonds were quoted
at your bank at Csc, suppose that Mr..
K offered 80c-would such an offer
be sufficient warrant for a political
agitator to deliver himself of a dis
course on the stability Of the govern
ment and its bad faith in allowing the
bonds to be quoted at 80? And an
agitator who would do that, would
also convict himself of trying to dupe
the public with statements that only
the gullible would accept.
"Silver dollars are worth 100 cents
each, but if some person who did not
want to be burdened with the heavy
coin, should offer or bid 9Oc for
quantity of silver dollars, would
that bid be sufficient warrant for
/ the Secretary of the Treasury to call
about him the press representatives.
and deliver himself of discourse on
the low value of the silver dollar,
and urge the necessity of doing some
thing to restore it to normal value
Every man of experience in mar
keting corn knows land those without
experience should not assume to edu-
cate the public through the medium
OF speeches to press representatives.
for publication broadcast) that the
bids sent out from Chicago by re-
sponsible grain merchants on any
afternoon are somewhere around &c
bushel less than the cash sales on
the Board of Trade on the morning of
the same day, for the same grades
of grain. (The bids vary a little
may at times vary from lc to 2 or
&c, but usually run about &c under
ANY experienced man land Iowa
farmers are in this class) knows the
general truth of the above statement,
and hence any experienced Iowa
farmer can figure out for himself
approximately the corn bid for Fort
Dodge territory in this way: When
cash corn sells in the morning in
Chicago at 53c, he knows that the
afternoon bid of responsible Chicago
grain merchants would be around Sic
he would then deduct the freight
13.7c), leaving 37.3c as the bid,
track Fort Dodge and if we allow
the elevator in Fort Dodge territory
2.3c for handling, it gives the Iowa
farmer in Fort Dodge territory 35c
for corn when it sells at SO in Chi
cago-and not 29c, as published in
your address to the press representa-
yves. Inc correct way of establish
ing the handling charge in this cas-
IS by deductlng 35c from 53c les,
freight, or 1913, which gives 4.3c and
not lo.3c, as given in your address
an error OF DC bushel on the hand
ling charge
your discussion sent out in .ae
manner that it was sent, had the ef-
fect OF creating the impression in DIS
tant parts Of the United States and in
rofeign countries that the average
price OF corn in Chicago during the
season was 53c bushel, whereas
the truth is that SIC was around .na
low notch for the season, it having
been higher than this every day dur
ing the crop year except April y. i3,
IA, and running as high as 67-69-.
probably averaging somewhe-e
around 60c. You will observe thea
that with an error of &c in the alleged
handling charge and an error Of
about &c created in the public mind
by reason of your selection of the
lowest price for the season instead Of
using an approximate average price
these two taken together constitute a
Continued on page five.l