Omaha daily bee., 1921-05-16
Farmers Working
To Cain Control
OfGraiin Markets
Exchanges of Country Facing
Strong Opposition From
Agricultural Orsaniza-
tiops of Country.
By CHARLES D. MICHAELS.
Chicago Tribune Omaha Bee Leased Wire.


Chicago Tribune Omaha Bee Leased Wire
Chicago, May l5.-Indications are
that members of the grain ex-
change will have to- bestir them
selves continuously and to a greater
extent than ever from now on. They
are up against a tougher proposition
in the way of opposition from the
farmers association than they have
ever dreamed of.
The farmers associations are
working to gain control of the grain
trade of the country through their
pooling operations. If they ever
get control they are likely to trade
in futures in the same way as at
present, but they will then have
everything in their own hands.
They are showing their strength
in law-making at Springfield and in
congress. Passage of the Tinche-
bill by congress last week by vote
of 26o to 60 and OF other farm bills
shows the sentiment there. Grain
men here do, not believe the senate
will pass the Tincher bill or other
bills without modification, and it is
understood the agricultural COM
mittee will give the grain trade a
full hearing.
When grain traders learn of all the
plans that farmers associations have
and are slowly working out, they are
likely to have a thorough awakening
and will have to keep working all
the time from now on. even should
they defeat present bills TO regulate
the exchanges.
Quick Action Necessary.
The situation of the exchanges is
one which the hrainiest men of the
grain trade must devote a lot of time,
analyze conditions, and act quickly
to keep control.
There is no need of trade becom-
ing panicky because of the passage
of the Tincher bill. Exchanges can
live under its regulations, although
they are by no means pleasant, and
can be made practically prohlbitory
by the secretary of agriculture, who
is the dictator of regulation in case
the bill is enacted into law.
1t is not expected that there will
be bread speculative markets while
bills are pending, as there
is too much uncertainty surrounding
them. !. Despite these conditions,
trade sentiment is quite bullish in
certain quarters and einphatically
bearish in others.
The winter wheat promise is less
favorable, although the damage so tar
is fairly represented in the govern
rnent crop report, which showed 629,-
100000 bushels or 100000 bushels
more than in April, and compared
with 4oS,000,000 bushels last year.
while file harvest last year was 57I,-
000.0 900 bushels.
: Kansas, oklahoma, Texas and Ne
braska have. a promise, as shown by
the government report, OF Isl .OUOUUo
bushels, a loss of 100000 bushels
frcm last year
Spring Wheat Good.
Leading states east III the iMis-
souri, river have promise OF 17300O,-
300 bushels, an increase OF 44,000'ooo
bushels over last year. The promise
for sprinr wheat is good and the crop
is one to two weeks ahead OF last
year. SO that prospects are the crop
will. be we'll advanced before the rust
period.
Wheat stocks are steadily decreas-
ing. The visible supply promises to
get rear the disappearing level be-
fore the middle. of July and indica-
tions point to light carryover. That
the statistical position is strong the
world over, is shown by the estimate:
Of the international Institute Of
Rome that the carryover Of wheat
and rye at the end Of this season
will be 100000 bushels This prob
ably does not include flour stocks.
but it confirms claims made for the
last six months that the surplus at
The end of the season would be small.