The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-04-25

seemingly in demand, locally. Oats
were slightly reduced in price, on
the meat supply to the extent of 35
cents by Richmond feed men. Cream
cry butter remains at 40 cents at
wholesale, as for some time past, and
merchants are still buying country
butter at 80 cents and are paving 20
cents for eggs, no change being re-
ported IN past two weeks.
Sapiro Drops the Kansans.
Aaron Sapiro. cooperative attorney
for various wheat pools, cotton grow
ers, raisin poolers, ETC., has had some
controversy with his clients in Kan
sas. Mr.. Sapiro is general counsel for
/ the National Wheat Growers associa-
ton, 100 per cent pooling organiza-
ton, and the American farm bureaus
news letter. dated April %, states that
Mr.. Sapiro has now thrown up his lob
AS general counsel for the Kansas
Wheat Growers association" The
news comes by way of Wichita and
the effect that difference of opinion
| caused the split between Sapiro and
Kelly, secretary-treasurer of the Kan
| sas association
U. S. S. G. on Future Trading.
Will the Grain Growers sell "fut-
ures" in the marketing of the grain
crops, when ready to really handle
/ grain?
| A number of elevator men have ask
/ ed us that question One man from
! the Winchester section came in to see
the writer few days ago and piled
with numerous questions relative to
! the plans and purposes of the G. G.
He wanted to know, for instance, if
/ they would be ready to handle some
grain this summer? We said we "un.
/ derstood so. That they were doing
the best they could to insure action
on this line"
/ This elevatorman said he had seen
no contracts, had been visited by nc
membership solicitors; in fact knew
but little about the organization Said
his directors had quizzed him on the
subject and he wanted to know what
it was all about. We referred him tc
elevator men said to have signed up
from whom he could get the fact;
and who would show him their con
tracts. Like many others this gentle
man asked how the Grain Growers
are going to keep the little co-opera
tive elevators from clogging up during
the rush at harvest time? And would
the U. S. G. G. sell grain for future
delivery, so as to keep the grain NOV
ing? We referred him to the office
at Chicago for the facts.
Light on the Subject.
A little light is shown on the stanl
to be taken by some of the co-opera
tives in the marketing of grain. TIL,
American Farm bureau, the Farmers
National Grain Dealers and the U.
Grain Growers, have all concurred, /
is authoritively stated, in the new rul
to come up before the Chicago Boar
, of Trade for ratification on April &c
This looks as if the lion and the lam
are to lie down together in peace. l
further appears that the co-operator
named are aware that it may be ''neC
essary to sell futures" that is to sa
grain for actual delivery in some spe
Gifted month, in order to take advant
5 age of advanced prices that may b
1 bid, and to insure movement of tn
5 grain according to the needs of inter
2 ior elevators. You will note that tn
5 new rule applies to all exchanges, AM
1 reads as follows:
D "The rule makes it necessary TO
z members OF all exchanges aCc0pIln
Z orders for future delivery of commod
tiles from nonmember corporation t
secure in advance from such corpora
lions written authorization that tn
manager or officer of the corporation
, giving the order or orders, is duly al
thorized to buy or sell for future de
livery for account of his corporation.
! 1.-THE name of the member and col
! poration must be entered upon tn
! brokers' books. In addition to confil
: nation slips, written notice of tn
transaction must be given some exec
utive officer of the corporation othe
than the manager or officer giving tn
order. Violation is to be punishabl
by suspension. Adoption will max
the rule effective June l."
3 The Minneapolis exchange has a
ready adopted above rule. The fac
Z that nothing is said regarding tn
3 margins" to be called leads to tn
( conclusion that whatever margins ar
,.Ill h1a will he called for IN all trodot