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The Leon reporter. (Leon, Iowa) 1887-1930, April 04, 1918, Image 2

Image and text provided by State Historical Society of Iowa

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn87057096/1918-04-04/ed-1/seq-2/

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jwEsmi
IjNHB'SIlHS
C8RasSlEM
T!3E®XiSS
r£uZ*
"over there."
v'i,' -i:
Get
bank or
s/jowiug
I'MS
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REED
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iSif 5
baby carriages are
becoming more and more
popular, because where the
folding feature is not neces
sary, they offer a comfort
and beauty which cannot be
equaled.
We are showing this week
Isome new styles in delicate
[ivory and blue tints, uphol
'stered with the softest of
[brown corduroy.
•We have the exclusive
agency for Sidway and Ful
ton Go-Carts, too.
nrn nm
is here
i^f/ Card in YOUR
Pocket?
The spare quarters that you invest in War Savings Stamps and
Thrift Stamps help Uncle Sam to clothe, to iecd and to arm those
boys in khaki.
When you have accumulated sixteen Thrift Stamps, cost to you
$4.00, you exchange them by paying from 13 to 23 cents, according
to the month of 1918 in which you make the exchange, for a War
Savings Stamp for which the Government will pay you $5.00 in
January, 1923. This is equivalent to 4% interest compounded
quarterly. A safe and remunerative investment.
a Thrift Stamp, pasted on a Thrift Curd, TO-DAY—r.t any post-office,
the 11. S. i'. agency s:t\n.
trust company, drug, ci^ttr or department store, or the many other places
ft
This spticc contributed to t/te
Winning of the H't.r by
TEPHYRFUHIR
through the Dirinon of Altfrl»fiino, I'. (iov't
Cvtnmitue on I'ubiie Information.
F. S. Stewart
NORTHERN
GROWN SEEDS
We invite your attention to our line of
GAROENSEEDS
Northrup, King & Co., and Rice's Seeds
which we have sold for several years. We
also have the staple lines of bulk seeds
which are much cheaper than the packages.
We have Peas, Beans, Sweet Corn, Onions,
Turnips and Rape in stock.
We will be pleased to quote you prices on
field seeds as we get quotations on the
niarket each week.
Wm. Crichlon & Son
t*.
iinfi
a
S you sit and read, you
thank your stars that
the war IS "over there"
—and not here at your door
step. And you feel grateful
to the bovs in khaki who are KEEPING it and WINNING
it
Turn Your Gratitude Into
iVar Savings Stamps
NATIONAL WAR SAVINGS
COMMITTEE
WASHINGTON, D. C.
WS.S.
WAR. SAVINGS STAMPS
ISSUES BY THE
UNITED STATES,
GOVERNMENT
JOB PSDOTHG.
VV
Lstf
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..
•*&**&
THURSDAY,
J'Wfefeh you want to soil this wheat?"
"I dunno," he answered. "One
time's about as good as another—
these days. won't wcjgh any more wl^e^
later," he added, with a dry smile?"
"Wheat shrinks a lot," admitted the
manager, "I heaj (he Government
wants as much wheat as it can get
A New Order In the Grain World.
•EVrwTSj oxvrcnsATioxs of nils
r/hSbS Jul kind might have taken
HtifsSp-l** place in almost every
1 WIBjgjBStt town in the great grain
In the early days, following the de
termination of prices for 1917 wheat
by the President's Fair Price Commis
sion, confusion existed in every part of
the wheat-producing regions. This was
intensified by the Inauguration of the
new grain grades, as promulgated by
the Department of Agriculture, which
took place about the same time, and
led to diverse complaints and a feel
ing among farmers that the Grain Cor
poration of the Food Administration
was responsible for both the price as
determined and stricter observance of
grain grades. But the corporation was
I— pumitilr for neither act. It it pure.
On the County Gentleman.)
OUELING tlie farmer's
share of the wheat dol*
1
lar is one of the war
time jobs Uncle Sam lias
done since food control
became possible. After
IS five months of grajv
pling with the problem,
Uncle Sam is now trans­
lating into the poukots of hotli produc
ers and consumers benefits derived by
the Nation. He has shut off specula
tion, produced a free market and
movement of all grades ofv wheat, cut
expenses and induced a normal flow of
wheat in natural directions, and ef
fected a thousand other economies.
The Food Administration Grain Cor
poration, which supervises the sale, or
itself buys every bushel of wheat pro
duced in the Nation in its progress
from country elevator to foreign buy
ers or domestic consumers, marks a
new step toward national efficiency.
How in four short months it has been
done is told in the following episodes
wherein two bushels of wheat traveled
to market.
One fine fall afternoon, Col. Bill
Jenkins, who farms somewhere in Mis
souri, loaded his wheat into a wagon
and drove along the black road (hat
led across the prairie to town. When
he reached the co-operative elevator
of which he was a stockholder, he
pulled up on the scales,' checked his
gross weights carefully, and began to
unload. The manager came out and
asked
1
Just now—understand the Allies do considerably more about human nature
eat a terrible lot of it since the war."
"What's wheat to-day?" asked Col.
Jenkins, getting interested.
"Well, let me see," parleyed the
manager. "I guess this wheat'd he a
good No. 2 under the new grades."
"Crudes? What about grades? That
Fond Administration seems to mix into
mighty nigh everything from rabbits
to axle grease."
"Hold on. Colonel," said the eleva
tor man, good-naturedly. "The Food
Administration is not to blame. Con
gress passed the act and told the De
partment of Agriculture to fix the
grades. They became effective last
July. I sent out a letter on It."
"AVell, 1 guess you better sell for
the best von can," said the farmer.
"I am needed at home." And he drove
away.
er August 10 for revo
lution in grain market­
ing was taking place. Uncle Sam
had started on this remarkable ex
periment he was going to see wheth
er wheat could be marketed minus
rake-otl's to the speculators. This
necessitated complete control by the
Government of storage facilities, trans
portation and distributive agencies,
and the marketing machinery for
wheat and rye.
Everybody was' troubled most of
all, the officials of the Food Adminis
tration Gram Corporation who had
undertaken, without salary, and at the
sacrifice of their personal connection
with the grain trade, to wnip into
shape the forces that would drive for
ward the big business machine for
marketing American wheat. A single
control and a $"0,000,000 nonprofit
making corporation to'do the work.
This work is a necessary arm of the
Food Administration, allowing the
Government to do business quickly
and without red tape. Its stock is held
in trust by the President of the Unit
ed States. For the time of the war it
will supervise the rate or purchase
the part commercially available of the
G60,000.000 bushels of wheat, and tha
"0,000,000 surplus of rye grown in
America in 1017. Its job is to find a
market for every bushel, irrespective
of class and grade. Under its patron
age, wheat screenings are moving just
as easily as No. 1 Northern. It must
also work out satisfactorily the local
prices for wheat at each of almost
20,000 country elevator points, adjust
thousands of complaints, organize the
gathering and analysis of date, inspect
concerns reported as dealing unfairly,
solve vexatious disagreements among
the trade, and deal effectively witn the
allies' purchasing agent and the neu
trals who may desire to purchase.
•&^wj
APRIL '1918.
ly an administrative arm of the Gov
ernment formed to buy grain or super*
vise its sale at the prices determined
by the commission, and it must do its
work on the basis of the new grades.
But to return to our farmer and his
expectations of price.
Introducing Two Bushels of Wheat.
Lying side by side in his wagon had
been 2 bushels of wheat that fate had
marked for strangely different ends.!
I They were very much alike, those
bushels of wheat, and to look at them
you would not have suspected the
strange and wonderful adventures In
store for them. Yet one was destined
to travel, abroad for consumption in
France the other to find its way Into
I Georgia, where it was milled and its
flour finally reached a New York
baker on the East Side. But in the
sum of the travels made by the two,
as we shall follow them, will be un
folded the international panorama of
wheat marketing in time of wafr.
Finding a Price at a Country Point.
High war costs of production gave
our Missouri farmer much concern as
to his returns and accounted for his
depression over the prospects of his
wheat "grading down" for that meant
a reduction of 3 cents per bushel un
der the No. 1 grade. But It graded
N^Jj 2. "»r~
The elevator would also deduct an
additional 5 cents a bushel to cover the
fixed charge made in ibis- locality for
handling and selling. The 5-cent
charge included the commission of 1
cent per ltushei customary in 1011'
among commission men for selling the*
to domestic millers or foreign
buyers/ *@0®. fcoSSf
The elevator man was none too sure
as to how to get at the price which
this wheat should bring, lie knew
than freight rates and decided to
"check up" the problem to the nearest
zone agent of the Grain Corporation.
So he wrote a letter to the representa
tive stationed at St. Louis. That let
ter was referred to the tralllc expert
In the Xew York office, who transmit
ted the. following rule for determining
the price of wheat at any country
point:
There Is only one price for wheat at
a country point. That price is always
to be arrived at by taking as a basis
the price at the rno^t advantageous
primary market where.we have fixed
a price and deducting the freight to
that market and a fair handling profit.
That is the price to be paid for wheat
at any station, regardless of the point
to'which it may be shipped.
Working out the price which should
he paid for wheat at your station is
a fine occupation for an off day. If
you cannot find the answer, write to
the Food Administration Grain Cor
poration in Xew York City and its
traffic expert will give you aid.
Finding the Price of No. 2 Wheat at
Sikeston.
AKE
If our imaginary 2 bushels of wheat
had started from Sikeston, since it was
a No. 2 grade, we must deduct 8 cents
per bushel, which would if ing the
price f. o. b. the elevator point to
$2.0Sd2 per bushel. As our imaginary
elevator man is charging 5 cents per
bushel for handling, which includes
the commission fee just mentioned, we
deduct an additional 4 cents to arrive
at the pries the farmer received. This
price would be $2.0!)2 at the elevator.
Some of that 4 cents will return to our
fanner If the elevator prospers for it
is owned co-operatively.
When Farmer and Elevator Man Dis
agree.
Had this elevator been owned by pri
vate firm or person, or had it been a
"line" plant, Col. Jenkins would not
have been so bland and trustful.
1
1
I
I
an actual example:
An elevator man in
Sikeston, Mo„ wanted
to know what price
No. 2 wheat sli»ild
bring at his station
wlieu No. 1 wheat
at New York City was $2.28 per bush
el. Here is how lie went about it:
The freight rate from Sikeston to
New York being 10.US cents per bush
el, he deducted that from $2.28 per
bushel ami found the price at Sikeston
to be $2.11(12. From this he deducted
1 per cent iter bushel for the commis
sion firm's charges, which put the net
price f. o. b. .Sikeston at $2.1002.
He next compared this price with
what he could get if lie sold at St.
'Louis, his nearest primary market. At
St. Iyf)Uis the basic price is $2.18 per
bushel, and the freight rate from
Sikeston to St. Louis 0 cents per bush
el. This would make the Sikeston
price $2.12. less 1 cent per bushel for
selling charges, or $2.11 net. The St.
Louis price would therefore govern,
being advantageous' to the Sikeston
seller.
He might have refused to sell at all
and arranged to store his wheat or he
might have taken it over to a com
petitive concern whlcli offered a high
er price for the Food Administration It
has not yet attempted to regulate the
prices paid farmers for wheat at coun
try points. It does, however, offer to
sell for any farmer or farmers' organ
ization wheat offered at terminal
points, but makes a commission charge-
•f 1 per cent for its services.
A
.--'V
for thrift and quality—in deep frying,
sauteing, shortening and salad dressings
mm
SALAD
AN»
COOKINO
Mazola is more economical for general
cooking than butter, lard or suet—because it
can be used over and over again—does not
transmit taste or odor from one food to another.
And Food Administrator Hoover asks you
to save these animal fats.
Mazola is pressed from the heart of golden
American corn—is as pure and sweet as the
most delicate food cooked in it
Thousands of housewives have solved the
fat problem with Mazola—and so can you.
Get it from your grocer in pint, quart,
half-gallon or gallon tins—the large sizes are
most ecohomical. Also ask for the free
Mazola Book of Recipes, or write us direct.
You- money refunded if Mazola docs not give entire satisfaction.
Corn Products Refining Co.
New York
Selling Rcyroillilirw
E N I E S A A
The Ford Coupelet is a most practical two
passenger car—with room enough for three. It
is really two cars in the one—an enclosed car
of pleasing appearance for inclement weather,
summer and winter, while the large sliding
plate glass windows, with removable pillar,
make it possible to transform it into a most de
lightful open car. To\) is permanent, saving
trouble of raising and lowering. Comfortable
deep upholstering—a car of class and comfort.
Price $606 f. o. b. Leon.
ESTES & COMPANY
THE LARGEST AND STRONGEST HANK IN IEON
STATEMENT
of the condition of
Farmers &§Traders
State Bank
March 4, 1918-
RESOURCES LIABILITIES'
Loans .$020,454.87 Capital Stock.$100,COO.GO
Cash in vault Profit? 10,5^0.51
and in banks 273,1120.18 Deposits 829,228-71
Overdrafts... 20,2^5.17 r,
Real estate and
bank fixtures 20,000.00
$939,819.221
o/n
FARMERS & TRADERS
STATE BANK
Thos. ttale, President
fas. F. Harvey, V. Pres.
Teaie. Asst. Onbi«r
Love Brokerage
Company
Des Moines, Iowa
1
A
Fred Teaie, Castile*
T. 8. Arnold. AmC. Cashier
8. G. Mitchell, Asst. CasMer
Van WeMfen. Wt CM*.
Wfl
I®!'*:-
$
i, 5
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1
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:P
tlf
tt
c"
la
'\5V
5S-f
rv A*.
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$939,119.22
rv*
9K
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