The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-06-09

most profitable ration of the test CON-
sisted of shelled corn, cotton seed
meal, clover hay and corn silase
Lambs fed this ration returned a +
profit of 5000 per head.
Warehouse Act Amended
The Senate recently passed an
amendment to the United States
warehouse act. which has been in
force since 1916. This act licensed #
warehouses which would conform to 4
certain requirements and thus made
warehouse receipts issued by them
acceptable at the banks The trainers
of the original act had in mind !
the development of a form of ware !
house receipt which would possess !
the greatest credit advantage. That |
the act has proved valuable is shown |
by the fact that on April /, this year. !
the department of agriculture, which
administers the act, had licensed 263
cotton warehouses with combined
capacity of 1,225,OO bales; 264
grain warehouses with a total ca
pacity of approximately 100000
bushels; 10 warehouses which han
died between them one-sixth of the
entire clip of last season or about
100000 pounds of wool, and II
tobacco warehouses with a capacity
of 6S,000,000 pounds.
The demand for licensed warehous-
es is growing rapidly and the act
with the amendment proposed will be
of immense value in connection with
the operation of the proposed inter
mediate form of credit favored by the
American farm bureau, which will be
based largely upon the sale of deben-
lures which are backed up by the
warehouse collateral
With Reference to Wool
Reports from several county sta
tons on Thursday was to the effect
that considerable wool had recently
been bought as high as SO cents This
/ shows the pressure of competition, for
as one eleyatorman states. there are
! so many buyers in the field that we
are getting comparatively little wool,
! although we have paid as high as 40
cents the last two days, for a few
/ f1eeces." One man living near Rich
mond Is reported as having a small
| lot of wool, less than $50 pounds, for
which he received 40 cents, the buyer
stating that it was a pretty choice
long-fibered article, much better than
kmost of Wayne woods, also cleaner.
The work of arranging for the pool
| ing of Wayne wool is proceeding, bur
at this writing it is not known how
many will pool, or the probable
amount that will ultimately go into
! the pool. The wool market doesn' =
seem to be stabilized. even in local
sections, because speculative buyers
are taking a chance of loss, depending
on the quality of each lot of fleeces
and their cost. We believe that ele-
vatormen who are buying, in most in
J stances at least, have an assured out
let which provides against loss on the
turnover. One buyer advises us that
he is fixed just that way. Independ-
ent buyers have been setting their
! prices from day-to-day, in all parts OF
Ohio and Indiana, but the trend has
been definitely upward during the
| whole season, to-date. Taking the
low of the early bids 1t is safe to say
that the top of going prices is about
that of the lowest paid at farm gates
when the clip first began to move.
| Pooling In Wabash County
! H. L. Royce. recently for the fourth
time elected county agent of Wabash
county, told the farm bureau folks al
! indianapolis last week that the men
in charge of the wool pooling in his
county expect that at least one-hali
of the Wabash clip will be pooled
this year. It is thought that this will
amount to about $4,000 pounds Of
pooled wool. which will be around
four times the quantity pooled last
year, the first year of pooling in thai
county The farm bureau reporter
states that, bids are being received
of 10
: for 3s blood and 43 for Il blood woods
The writer probably refers to prices
now quoted from Columbus, Ohio.
Ostrander Talks on Soys
Varieties of soybeans being grown
most widely in Indiana were mention
ed lately by W. A. Ostrander of the
soils and crops extension staff of Pur
due university, who stated that hun
dreds of growers were obtaining thc
best results with them.
Ito San is the most popular variet-
for hogging down and for seed from
Lafayette north, he said, and Holly
brook for hay or ensilage in the same
region. Hollybook for all purposes Il
the variety most widely grown am
: giving best results for the rest of TIL
state south Of Lafayette, he says. Man
= chu, variety which natures between
: these two, is very desirable but seet
l is scarce and somewhat higher il
price.
Don't plant beans with too earl
corn. but plant them so the beans vii
be slightly green when the hogs ar
j turned in on them," said Mr.. Ostrar
der in discussing soybean practices
J When growing for seed, use a varic
ty that natures early enough to
: taken off in the fall in time for whea
! sowing"