The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-09-26
GENERAL MARKET PRICES

manner in which Canadian farmers
are now rushing their grain to market.
Just think of town the size of Winni-
peg receiving more than 5000 cars OF
spring wheat per week, and think of
farmers delivering more than 100000
bushels at country stations tributary
to that market in 48 hours, last week.
This is at the rate of more than 81
900, 900 per week, while the rush is on.
And these country deliveries were
made on but two of the principal rail
roads in the Winnipeg district.
Political conditions abroad are the
dominating factor in grain prices just
now. AS long as this status governs
we may look for erratic price changes
over a comparatively wide range. Dur
ing the next six weeks the market will
be under the maximum pressure of the
spring wheat movement, on both sides
the International line. What is done
in Canada will be reflected in our own
northwestern spring wheat states. 1t
is but natural that under that pres
sure the lowest prices on the crop
should rule. The changing of that
vast quantity of wheat into cash is a
load that somebody will have to carry.
But nevertheless the impression is
growing that December wheat at Chi
cago is apt to linger around 81 and
that it is not likely to sell materially
lower than that, at the lowest.
And regardless of the fact that 81
for December deliveries of wheat
seems low, in view of the high level of
commodities in general, the argument
is to the effect that if the farmer can
secure 81 per bushel for the bulk of
his crop this year, he will be doing
pretty well considering world condi-
tions. But 81 in Chicago, with 20 cents
or more for freight and handling isn't
81 on the farm, by long shot.
Foreign Financial Factors
Those able to hold wheat are mostly
inclined to do so, but the general finan-
cial situation tends to force the grain
to market as fast as it can be moved.
In summing up the world wheat con-
dition it is estimated that the increas-
ed production in North America this
year about equals the decresae in the
European crop, making foreign finan-
cial conditions the underlying price
factor again, as 1t has been for the
last two years.
The range on September wheat at
Chicago last week was from a low of
$1021a to a high of s1097s. On De-
cember the range was from s1.02M
to S1093s, and on May, s106ss 70
S1195s These figures indicate an &C
tive and excited market.
But if we go back to the week end
ing Saturday, September 16, we find
that September wheat sold as low as
CSC, December at S1.02B, with May
haf 4f I, -
week. A year ago in the third week
in September, wheat sold at $3.50 for
December and at $1.34 for May
But when we consider corn the sit
uation is reversed. Corn is up a good
1Oc per bushel over prices ruling for
September and December deliveries
last year on that date. Oats, however
are more nearly on a parity with last
years prices, at this time.
Average Live Stock Prices
During the first week in August
light hogs reached a top of S11 ct
Chicago. This was followed by down
ward swing in the price pendulum
but prices have been steadily climbing
of late and on last Saturday fancy
lights brought $1055, followed by. a
top of $1065 on Monday.
The average price of hogs at Chica-
go last week was SO; up 40 cents com
pared with a week earlier and against
an average price of but $3.50 for the
same week last year. The cattle aver
age last week was S1025, against
S10.05 for the week ending Sept. is
and $3.50 in the same week in 1921.
But look at lambs. The average price
last week was $13.S5, as against but
$685. one year ago. This clearly shows
the result of sacrificing the flocks
within past 90 months
F. B. Membership Drives,
A conference of farm bureau field
men was held in Chicago last week
when intense organization work for the
balance of the fall was mapped out.
The session lasted for three days and
was presided over by Charles E. Gun
nels, director of the department of or
ganization, and one of the live wires
of the American farm bureau.
The first thing on the program was
a check-up of the results during the
year to-date. The work done was re-
viewed in detail, experiences of the
various toilers in the farm bureau
being given to illustrate the
points brought up. Questions invoIv-
ing county ana state collection of dues
development of county and state lead
ership, the use of organization publici-
ty material and amounts needed for
programs of work in coun-
ties and communities and perplexing
local problems of organization, were
all discussed.
Plans were worked out for develop
ing closer cohesion between depart-
ments within the Chicago office and
as to how best the idea could be given
TO the farmer that the Farm bureau is
his organization, one in which he has
an individual part rather than some
more or less vague association which
he is asked to join in order to receive
certain benefits provided for him. 1t
was pointed out that the individual
must be convinced that the whole ma
tional organization is not to be cen
sured or condemned for mistakes or
weaknesses on the part of local or
CARNATIONS and associations.
Cooperative Peach Sales.
lot of Ohio peaches have been 60
ing to market on cooperative basis
this year, under the newly adopted Co
operative label, known as the Buckeye
hTS nd