Show fl ALFALFA PRICK PRICE NOT OT 1 VAT HAT WAS EXPECTED delta utah nov 27 f mr hana hans christeneen Chri mr fred reber mr D H simonson Sl monson gentlemen t 4 we were somewhat disappointed in the final financial arrangements made in negotiating loans for alfalfa and clover seed the amount agreed upon by salt lake bankers was 6 ants 1 7 cents and 8 cents per pound tor for the first three grades of alfalfa saed seed this was wasl about bout two cents less aban wo we expected and yet in view of IAO circumstances confronting ua us we hould be pleased to receive the amounts agreed upon when we take into consideration t the he medicament cament the banks and wool growers have been placed in while handling last years year a wool crop it is possible to realize the reason tor for the skeptical kep attitude of the banks to wards making larger loans we allo alto 10 have to face declining markets on nearly all agricultural products and also aleo many manufactured products when wheat struck the dolar dollar and a halt half market a month ago we thought it had reached bed rock prices yet last wednesday aday the dealers w were ere offering as low as 1 10 per bushel and we do not know whether it has struck the bottom yet corn was quoted ten days ago at 1 90 per cwt cat I 1 fob 0 b salt lake city laree three days later at 1 83 and last wednesday at 1 ga per cwt cat the railroad flail road company obtained 68 cents of that making the price at kansas and Iet points 95 cents an un belleve able price sugar thirty days ago had reached 1160 11 50 per bag new york seaboard price everybody predicted that the tendency would be upward from then yet at today it has reached 9 50 with a possibility of a further decline alfalfa seed is quoted generally at about 12 cents par per pound making 6 cents 7 cents and 8 cents a liberal amount on that basis in view of the constant decline of commodities as indicated by the above prices we consider ourselves fortunate however in having pledged to our laup support port at the reasonable rate of 8 per cent interest ibe abe banks have ten places tor for every dollar at a higher rate this rate was nas low as the utah idaho sugar company Is obtaining its millions while this may be somewhat of a diss disappointment appointment and it Is yet it not destroy faith in the pool low prices for alfalfa seed have been predicted by us tor for several months past and now it Is hero here it la Is difficult to adjust ourselves to it we do not say however that tha the price will remain low when you realize that speculators are buying ibe its seed and that fully seventy five per cent 0 of the crop is still in tha the hands of the growers the present price Is as much as we should expect when tha the ownership of tho the crop changes however and seventy five percent is in the hands of spec or tied up in such a way that it Is not available to them they will have seed to sell instead of buying and prices will suddenly jump in order to give them the margin of prof it tor for which they were in business we can then hope to market our onn seed at prices comparable alith ith what we expect in seed the sweet clover situation Is still in a serious way we are facing a IL surplus stock that was held over from a large production especially in the canadian territory which usually fixes the price tor for that crop no dealu lie its basis has yet been agreed upon but ut if we are able to secure sufficient to pay threshing bill bags tr freight eight cleaning charges etc it will be all that we may expect under present conditions the advantages we will have la in the handling of this crop will be obtain ed by having our crop cleaned and 0 ded and available tor for prompt shipment when markets develop jus tiding the salci sale the time baa has come when we must prove our sincerity in our statements that the speculators and middlemen must go ne e have a fight which wa we must conduct fairly to be successful 4 we must stick like glue and measure the success of our venture not by the amount of money that we ve may borrow but rather by our ability to work together and the ultimate sale prices of our commodities as compared with what we ue might bae lime received by making direct sales we trust that tilts this information will be made available to the growers in your community and that the situation will be fully explained to them we hope that they will eee see the situation as ft it really is and will work for the success of the cause yours very truly dean P peterson Peter soa airs mrs W A kelson nelson mrs jos lot a snow and miss inez snow entertain J ed d dec dee 1 at a dinner in honor of 1 irs mrs jane T bleace birthday at the home of mrs snow the tab le was decorated deca rated in pink and white with a large pink and white wedding cake for a center piece the table was set tor for twenty tour four at mrs beeaks friends after dinner samoa were played good music enjoyed da and a program waa was given in which each guest participated ITIs said that are making another effort to locate the original garden of eden and if it they find eve at borne home heros heres limping their weight tight wont buffer |