The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-04-20

The Farmers new marketing or
ganization of the American farm fed
Grafton has elected permanent officers
at a meeting held in Chicago. This
could not be done until incorporation
had been effected, which was arrang-
ed on Monday.
c. H. Gustafson, president of the
Committee Of Seventeen, becomes the
head Of the new U. S. Grain Growers,
Inc, and J. M. Anderson, of st. Paul,
was selected first vice president.
George c. Jewett, of Spokane, Wash,
is second. and c. H. Hyde of Alva,
Okla, third vice president. w. G.
Eckhardt of Dekalb. Illinois, fills the
important office of treasurer, and
Frank Meyers. of Fort Dodge, Iowa,
was chosen secretary.
The meeting now on at Chicago will
probably last for a week or ten days
Divisions of organization, finance, in
formation, legal, sales and pooling
have already been arranged. The ex-
ecutive committee remains to be ap-
pointed and thousand details are yet
to be worked out The regional di-
rectory OF Fl members were appoint
ed at the close of the session for rat
ification OF the plan" The members
taking part in the conferences, at the
close of which they will return to
their individual fields to get into
action.
A Great Responsibility
In reviewing the details of the work
to be accomplished. President Gustaf-
son said: II am becoming more and
| more convinced of the responsibility
which rests upon each individual
member of the board. We must pro-
coed with haste. and we must bear
in mind that each point of importance
must be thoroughly analysed before
we pass upon it."
An adequate scheme to finance the
sales plan will be among the first
batch of knotty problems the Official
board will have up for solution AS
| the activities Of the new body centers
: IN chicago offices are to be secured
as quickly as possible and they hope
to close a lease during the week.
Option Trading at Liverpool
For the first time since the war
| option trading in grain was permitted
on Monday at Liverpool The first
future trading is for October delivery
wheat. and the price at current rates
of exchange is $50 per bushel in our
currency. The British government
continues to quote daily prices for
wheat in the British Isles, based on
international wheat market values,
wheat being world market PROPOSE
ton. The British governments supply
of wheat in all positions, much of it
afloat, is now about 10000, 900 bushels,
fairly liberal advance supply.
Canadians Fear American Tariff.
Fear of what the tariff may do to
| Canadian wheat resulted in a break
of cents at Winnipeg on Monday
This was followed by break of to
s cents in our grain markets, which
seems unreasonable The tariff on
wheat is designed to keep out importa
tions. From that viewpoint WHY should
American markets break in sympathy
with those of Canada. AS a matter
of fact the cutting out of this compe-
tition should stimulate our prices, or
why any tariff on grain? Just the
same, Chicago May wheat sold down
from $1.30A to 1924, closed on the
s1.20h on Tuesday.
Southern Indiana farmers have con-
siderable corn in the ground. Recent
frosts did some damage to jointed
wheat as the crop is about two weeks
early in that section.
! Very First Farm Bureau.
| The original farm bureau was organ.
.zed as an adjunct to the Binghamp-
ton. New York, chamber of commerce,
in March 1911. This county farm bu-
reau was q trade getter for the mer-
chants of Binghampton, and was the
only one in the country for some time.
The plans and purposes of the present
aggregation of declarations and bu-
reaus have little in common with the
original. The scope is immensely wild,
! ened and their activities now cover
the entire agricultural field; at least
! that is the ultimate aim.
| The estimated American consump-
! ton of wool in the first two months
! of this year is put at 6O.0O0,000 pounds
, against 1876. 100000 pounds for the
same time in 1920. This means a
monthly per capita consumption of
; about four ounces, and of mostly for