The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-03-08
whether speculation is a menace


to the orderly marketing of grain,
was debated at Lexington, Nebraska,
Saturday night, by George G. Jewett,
manager of the Northwest Wheat
Growers association, and J. Ralph
Pickell, Chicago economist and
writer. Mr. Jewett took the positive
side of the question: contending that
speculation is a menace. The debate,
however, was won by the Chicago
man. Jewett while a somewhat
ready talker and quick to grasp a
point, found himself up against a
trained mind, for which he was no
match His argument, according to
the press reports, consisted largely of
violent denunciation, which those
who know him best would expect
He had simply rushed in where
angels would fear to tread. An or
derby presentation of the case, with
every point backed by knowledge,
seems to have won the debate. The
result of the debate, however, does
not necessarily mean that speculation !
in farm products is not detrimental to |
the farmers interests. 1t means that |
the man who upheld dealing in grain
futures has spent years in informing !
himself so that he might better pre-
sent his argument.
"a - Pa
While the flu held back until al
most spring to make its assault upon
the northwest, it arrived and almost
every community has it's score of
sick. The disease has again proven
that it is all that is claimed for it.
"a "a "a
HOG VERSUS WHEAT
What the hog has done for the
middle west this winter constitutes :
the brightest chapter to be written I
in the financial history of a period I
of general distress The lamb has
been more in the limelight herhaps, {
but in total volume of dollars earned
the hog has the one big credit mark
of the day, says the Breeders Ga
at recent high levels, but there seems r
nothing on tn horeizon to indicate
that values will ease off beyond the 4
profitable production point for those C
who are feeding cheap corn to stock n
of their own breeding.
Again we remind everybody: hogs
and corn have for fifty years been p
the backbone of midwest farming,
and never have they demonstrated y
their unique place as relates to west Fl
ern prosperity more convicingly than a
during the past four months. ten
dollar hog market just now means a !;
lot more to general business than the O
in the wheat price that n
is attracting vastly more attention y
from financial writer's. The humble
hog is a decidedly bigger factor just p
now than any bag of grain. City W
folk hear all the time about the wheat -
market. City bankers talk in terms s;
Of wheat Why not bag?
The tide is running strongly stock a.
ward and it is we'll for the country -
that this is So Nothing ever did more of
20 demoralize and undermine the is
foundations of right farming than the ~ ~
inflated price of grain during the hi
var. Wheat and corn weer ready ca
ash. Animals were expensive board
RS, and American farmers shift their -
programs oftener and quicker than
70 the farmers of any other country.
rhe pillow ripped up many fine old te
bluegrass pasture in the race to d al
ather in the war-coined dollars while Oh
he going in the grain markets was Oh
o good. 1t was only passing ev
hurry, it is true. 1t could not last. -
Everyone knew, or should have ~
nown, that but it CARED a lot of IN
eople off their feet, and now the mi
DO
pc
Found Cure for Indigestion. az ~