The Washington herald., 1922-03-06
IMPROVED PRICES
FOR FARM YIELDS
Aid LIQUIDATION
Many Farmers Already
Out of Debt as Re
suit of Rise.
FEEDERS PROFIT
Recent Advances in Price of
Hogs Means Much to Stock
And Corn Raisers.
FEEDERS PROFIT

CHICAGO. March 5.-An advance
OF from Is to 20 cents in corn prices
has done more towards re-establish-
ing confidence and enabling farm
ers to pay their debts and get a lit
tie surplus money than ANYTHING
else that has happened In. several
years They have also been helped
oy the advance OF 40 cents in wheat
ana 10 cents In oats. but corn and
hogs have brought the greatest as
sistance. In a little community in
central Illinois, where the farmers
owed $4,000, they had 3oo. 600
ousnels Of corn as their main asset.
me advance in corn prices brought
them $4,000. So that they have
palo up their indebtedness and have
$4,000 to the good. This is simply
one Illustration of what has hap
pened In the West in the last two
months The change has been un-
expected and has created a better
ins IN trade all along the line.
In western Central Nebraska.
where the greatest depression was
felt recently because of the ex-
tremely low prices there. with
wheat around 75 cents to IS cents
at the extreme low point, oats at
zo cents, and under. and corn at
around 2S to 80 cents, buyers are
now paying s1.17 to s1.1S for wheat,
4Z to ~ cents for corn. 80 cents for
oats and rs cents for rye. Light
nogs are 1915 to $40 and heavy
hogs $3.50 to $3.50, while stock
calves are s6 to 81 per 100 pound.
and steers $3.50 to $6.
Feeders Make Nancy.
FarmerSa are paying SO 70 81,
per 100 pounds for stock pigs that
average 100 pounds. This means
slO to S13 per hog, and the animal
is Immediately put on feed because
there is money in feeding corn 20
noss. In Chicago hogs sold up to
h;S5 on Tuesday. while the tor
price in the third week of last Au.
gust was s11.o5. against S6.75 the
thlrd week In last August, an au-
vance of more than 81 per 100
pounds. This means much to stock
and corn raisers. Hogs at II cents
on the basis of ten bushels Of corn
to 100 pounds of hog suggest more
than 81 bushel for corn, ano
farmers are paying better prices for
corn for feeding in many sections
than can be secured through regu.
lar marketing.
Foreigners have bought more
corn in the past four months than
at any time in the history of the
trade and indications are that ex-
ports this season will set a new
record.
There is one feature of the corn
trade chat does not look 80 good.
Cash corn which for years has
been selling above the futures, is
more than a carrying charge be-
low the May delivery. or late No.
2 grades of corn have been bought
at to cents and No. grades
at to Sls cents under the May
with No. grades at 8 to 3 cents
discount. Up to February 2S No.
corn was deliverable on February
sales but, the limit fof deliveries
has now expired, and No. grades
are the lowest that can be deliv-
cred until next November. EIeva-
tor people have bought the cash
corn and hedged it by sales OF
May, there being a profit of 2 to
3hs oents in carrying. Storage room
for corn is scarce at the primary
markets, but indications are that
the big movement from the farms
Is over. In Central Iowa AZ cents
has been paid for corn within a
rev days and. farmers are asking
so cents. Corn and hogs have been
the salvation of the farmer this
year.