The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-07-21
v. o. Chance, elevator manager at

v. o. Chance, elevator manager at
Lewisville, Ind, was paying Sill for
No. 2 wheat on Wednesday. He states
that wheat has been running about
a 10 bushel average, in his opinion, and
that the grain is not of good average
quality, the weather being too dry at
the time of the fill Mr.. Chance re-
ports a good rain on Monday night and
said that corn stood the drought fairly
well, but that the rain was very much
needed and much more should fall to
insure an average crop. Less hogs
are being fed than usual in the Lewis
Vile district" said he, some farmers
fearing that the bottom was due to
fall out of the hog market this sum-
mer." Mr. Chance is a believer in
higher priced wheat a little later
1--WE are paying $1.15 for IS pound
wheat or better" said Ben Richards
of the Glen Karn, Ohio, elevator. This
is a plenty and unless the general
market improves we shall have to
mark wheat down. We are receiving
about one-third our usual quantity of
wheat this season and many crops
have run as low as to bushels to
the acre 1t has been pretty dry
around here, although we had some
rain on Monday night, which helped
corn a trifle. Less feeding is being
done and hogs are getting scarce, also
less cattle are being fed We need a
lot more rain"
Economy Paying $1.1o.
The elevator folks at Economy re-
| port Slip as their price on No. l and
S1.10 on No. 2 wheat, which they con-
slider outside figures in view of the
decline on shipping bids Farmers
have sold most of their wheat and the
threshing is nearly done. No oats have
yet been taken in nor is it expected
| that many will be marketed Oats are
reported as being mostly of light
weight quality by farmers in the Econ.
omy section.
Farmers Selling Freely.
Eve are as busy today as local
! freight" was the way Mr. Lewis, OF
| Cottage Grove, put it. Practically
all our farmers are selling their wheat
and we have done considerable ship.
!, ping. The wheat crop was light in
this district but all our wheat so far
| shipped has graded No. 2. We have
neighbors about six miles distant who
have not been SO favored. They re-
port considerable No. 8 and No 4
grain. Our farmers are feeding the
usual number of hogs, we judge, and
we expect good receipts of corn when
wheat and oats are out of the way, as
there is lot of old corn in the coun
try. We had a decent rain on Mon
day night but need a lot more Of the
same kind to insure our corn"
Supply and Demand Prices.
The decline in hogs of from sc tc
Csc at Chicago was because on ex
cessive supplies of heavy and mixed
packing grades, on Tuesday Western
markets sympathized with Chicago
but not so with eastern markets. Ow
ing to scant supplies Pittsburg and
Buffalo advanced 25c to s11.S5 and
| S11.50. This occurred in the face of a
decline as great as 40c on heavy stuff
in the west and indicates that the law
of supply and demand still operates
| Farmers Storing Wheat
According to Frank Mckee, man
ager of the elevator at Pershing, a
number of farmers in his radius dc
not find present prices to their taste
and possibly half the wheat crop is be
ing stored on the farms Every one
seems to want to buy wheat, that is
:. all elevator men, said he land ir
consequence we are all paying The
outside limits, compared with the ship
ping prices received. We are payins
SLIP for No. 2. There are very few