The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-07-20

The impression prevails among
country elevatormen that supplies OF
wheat will almost dry up, if the price
falls below 81, but that at 81 and up
sales will continue on liberal scale
With reference to this Frank Dem
oret Grain company, at Bath, IN FRANK
lin county, said they were still pay
ing 81 but that the weakness IN Chi
cago on Wednesday made 81 look ike
an outside price at his stations, Bath
and Peoria, Ind He says he hardly
believes that their farmers will be in
clined to sell for less than 81, and
says he can't blame them for holding
for 81 or better. Threshing was re-
newed around Bath early on Monday
afternoon, for the first time since the
recent rains. Mr.. Demoret says that
coal men have been rather scarce and
shy of late, and that no price on any
kind of coal has been quoted him in
some time.
| Our advices from New Madison are
| that a few rigs got into action on
| Wednesday afternoon, but the eleva-
f! tor man said he was afraid that the
wheat would be damp when brought
/ in, none having been received at the
! llIu0 Ol ouI SOuN S-A-
! he was still offering 81 but unless
central markets strengthened would
have to lower his price, cent or two
Bidding CSC at Lynn
The flour mill at Lynn reports
threshers in action around Lynn on
Wednesday and said that they were
| bidding but SO cents for No. 2. This
was the low spot, so far as heard
| from No wheat had come in up to
noon on Wednesday, but they stated
that some deliveries were expected dur
| ing the day.
Threshing was renewed in the Foun
tain City district or Wednesday, com
mencing in the afternoon. The ele
vator was paying 81 and the manager
stated that 5000 bushels were receiy
/ ed last Monday, when every rig in
the field put in busy day. He says
| the quality is first class, mostly run
ming from So to so pounds.
! Hagerstown took in few loads
late on Wednesday and paid 81 pei
| bushel.
| Wheat Breaks at Chicago
With No. 2 red wheat selling as low
as $1121a and the July option strik
/ ing Sill at the low on Wednesday
| the bulls were seemingly on the run
But rally ensued, July advancing to
and closing at SLIP, September a
Sill and December s1131s. Thi>
showed a loss of 23s cents per bushe
on cash and July wheat for the day
In the live stock markets on Wed
nesday, Chicago ruled a trifle higher
on hogs, with bulk of sales going a
. GO ~ Gil JnHiononn1is Taadn
! of S1130. on Wednesday, on receipt!
of 5000 head. Good killing steers
made a top of $1,000 at Chicago OF
both Tuesday and Wednesday, this be
ing the high spot of the year, to-data
Wednesdays high on Indianapoli
I steers was $1,000. Our quotations OF
this page show comparisons, TO
Thursdays markets.
Grain Elevators Filling Up
John w. McArdle, chairman of tn
public service commission, said in In
dianapolis on Wednesday that GU
grain elevators are filling up for lac
of cars. Much grain will have to b
held on farms" he said, land thi
! condition is disturbing to the market.
Reference was made to the hand
, caps farmers are beginning to suffe
: at the meeting of the Fourth dlstr1c
farm federationists at Marion. o,
: Tuesday, because of the railroa
strike. 1t was complained that farm
|, ers are now unable to obtain cars il
: which to ship, grain, fruit, melon
and vegetables, this applying TO dit
| ferent parts of the country. Levi
Taylor, of the state farm bureau, sal
: that many Indiana farmers depend VI
, on their melon crops for their prime
: pal income and that many grower
will be ruined if cars are not dull
provided.
]. E. Lands, of Miami county prs
sided at the district meeting. In re
lation to the strike and opposed to
statement made at meeting of stril
ers at Peru to the effect that tn