The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-10-25

If you are a fancier of the good
| red hog you will be glad to note that
prices at registered sales are picking
up. The Pullen sale in Union county,
on Monday, showed active interest,
and competitive bidding ran prices to
an higher average than has been re-
corded on Durocs in this section in
some time.
There are two Duroc-Jersey and
three Big Type Poland China sales
billed for dates between now and
| Nov. 10. one of them in Union county,
the others in Wayne. as shown IL
our farm sales calendar.
One of the Chicago packing firms
are furnishing a pamphlet telling how
to fry bacon, with pictures of appetlz.
| ing dishes. So far. so good. Thcy
are also advertising the evil effects OF
over-eating, which would seem to be
rather out of line of men furnishing
such an important food product as an
| entire line of fresh and cured meats
! Farm Loans and Bonds.
| Chas. E. Lodbell, chairman OF the
| farm loan board, has answered MS
critics. and those who want TO know
! if the board can not place greater
! volume of farm loans In a Letter 10
| Senator Kenyon, of Iowa, MI. LODI
/ dell explains, as follows
Are you aware, loaning activities
were entirely suspended for more than
year because of litigation which
] cast a cloud upon the validity OF farm
| loan bonds, and rendered their mar
| keting impossible"
Following the favorable decision on
Feb IS, of the present year it was
necessary to have new bonds engrav-
/ ed at the bureau of printing and en-
craving and submitted to the several
j land banks, and returned to this Of
| flee before sales could be made.
| Cause of Delay
lowing to change in the engraved
plates, there was unusual delay in the
bureau. and is was May l. before any
! of the bonds could be delivered. With
| in six months from that date, we
shall have sold and delivered to the
public practically $100000,000 of farm
loan bonds This is the accomplish
ment of the system on the side OF
procuring loanable funds
ION the other side-that is, the
making of loans-the federal land
| banks, as soon as the successful re-
suit OF the spring offerings ives ap-
parent, renewed the taking of appllca-
/ tons, beginning the first of July, the
active closing of loans. In July there
were closed a total of SO, 204,9OO, in
| August, S12,5O6 900 and in September
| $12, 407, 400"
| Biz Annual Distribution
! at will, Therefore, be seen that the
system is functioning steadily and
| distributing directly to the farmers, at
/ the lowest prevailing rates, funds at
/ the rate of S150,000,0 900 year, and
! that it is fortified by the sale of
! bonds, so that such production can
safely be undertaken for the next
several months without additional
| sales"
! Wool Pool Sales
! The American farm bureau sends
out some interesting news this week
I in relation to sales of pooled WOODS IN
various states, notably Ohio and Mich
! igan, and including mention of The
sales at the Chicago ware house, which
has wool from several states. II
states that the 1920 Michigan clip
was marketed at cost of 8 to 4
| cents per pound less than the usual
!! method through spectators"
This isn't exactly clear, as when you
/ sell TO a Spectator you do not have a
! copper cent of expense, he pays cash
| and takes the wool, right at the farm
! barn or at any point within your own
hauling distance as agreed, without
! freight or selling charge. What the
| farm bureau publicity writer most
! likely meant is: that they realized 3