The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-10-17
ARE SELLING GRAIN

ARE SELLING GRAIN
We are advised by the American
farm bureau that the u. S. Grain
Growers" are marketing wheat, but an
analysis of the story shows that the in
dividual members of the committee APP
pointed to salvage the U. S. Grain
Growers, Inc, are the men back OF the
deal and are the real owners OF the
stock This view is further borne out
by the statement of the Farm Bureau
News Letter. which says:
1.-The q. S. Grain Growers Sales COM
pany, of Minneapolis. has an initial
capital stock of $4,000 fully paid up.
Eventually it is planned to have this
stock owned by the o. s. Grain Grow
ers' sales company"
This shows that the old grain grow
ers have neither part nor lot in the
new deal, at present, except that north
western contract signers in the spring
wheat area, are invited to market grain
at Minneapolis through the new state
sales association.
AS there were no signs that the
grain growers would be in shape to
handle a bushel of the 1922 wheat
crop, at the time of harvest, or in
deed up to this date, signers could not
be expected to hold their wheat in
definitely, if they desired to sell, and
at this late day it is almost a certain
ty that the bulk of the crop has been
sold. But there can be no doubt what
ever that the new organization at Min
neapolis will be kept busy.
The first two cars of grain to be
handled were owned by ]. T. Faa, of
Divide county, N. D. Prior to harvest
it was estimated that the old grain
growers had a membership of around
$500, of which 5000 were accredited
to North Dakota, 400 to South Dakota,
and BOO to Minnesota. These signers
of the contract paid $S5,000 in dues
and represented possibly 100000
bushels of wheat, besides other grain.
These contracts, remember, cover five
wheat crops and the new northwestern
sales agency should be pretty busy
next summer.
Has Seat on Exchange.
The new sales organization has its
own charter in Minnesota, and the
manager, T. II. Hagen, of Lakeville,
Mimi, is an old board of trade operator
and grain handler, both at Duluth and
Minneapolis. Mr. Hagen retired from
y
returned to his farm to. grow grain in
stead of to make a living selling it.
The new concern has secured a seat
on the Minneapolis exchange and will
do business regularly" under the rules
on that floor.
The directors of the new grain house
are we'll known farm bureau officials
in various states, headed by E. H. Cum
bingham, head of the Iowa state farm
bureau. The officers are: ]. F. Reed,
Minnesota, president; A. F. Nelson,
vice-president; Thomas E. eastman,
treasurer and T. II. Hagen, secretary
and manager. The farm bureau meri-
bership will join US in wishing the
new concern unlimited success.
Them's My Sentiments, Too
Cliff Gregory, editor of the Prairie
Farmer, comes pretty nearly voicing
the sentiments of this writer with ref
erence to the alleged scarcity of cars
for handling wheat. thus crowding it
into already congested market cen
tiers. We have looked this matter
square in the eye for some time, and,
like brother Gregory, found no cause
to get excited about it. Under the
headline: mo Cars Never Mind,
MI. OItSOly "lllCo lOlO"os
There is a scarcity of cars for NOV
ing grain. Somehow we can't get ex-
cited about it. We can't seem to keep
ourselves from dumping our crops on
the market at harvest time and break.
ing prices. This is especially true
when we can tell from the witsful look
in our bankers eye that he would
! like to have US pay his note.
''The car shortage seems likely to
do for us what we have been unable
| to do for ourselves-force to market
our crops in an orderly manner. The
effect on prices is already apparent
| Prospects indicate that grain prices
may be a good deal better this winter
| if we don't flood the market. And the
railroads won't give US cars enough to
/ do that.
80 let's thank the elevator man and
| the station agent when they tell us
they can't get cars, and tell the bank
er he'll have to wait while longer
Well be able to take a bigger slice
off our note when we do SELL"
Wheat Tariff and Prices.
When some political spellbinder
points with pride to the tariff on wheat
and its tremendous benefit IN the