Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-02-04
Lower Live Stock
Freight Charges
Are Being Asked

n
FORT woRTI, T,yas. RIB. = -
The pcti,ion ior reduction ~ The freight
rates on livestock aud far.n products.
filed with the Interstate Commerce
comnlission by the Cattle Rai.crs' Asso.
citation a. Texas ana similar orsanlEa.
tlons in other states. vas made public
here through officials - the sssoci.
alton. The petition declared that the
prescn, frelgh, rates are too high end
should be- reduced g. correspond o. the
lower market value, saying In part;
"The financial conditions ~ the cnun.
| try are such that II In impossible Co
secure leans whereby the grain aud
fedc crops can b. Ted o. the livestock
~ the country. and as n result they arr
being rapidly moved 10 market In
/ liquidation ~ Indebtedness secufcd by
mortgage. upon nvc,tock upon the
grain, cotton. and other products that
ARE stored, thus requiring rapid chip.
/ mcnt To the markets upon the enor.
mously high rates nov prevailing, aud
when these products reach the markets
they ~" selling for less than the IRE.
war prices ana paying ffOm IS a. iGO
/ per cent greater freight rates
Enormous quantities ~ we'll secured
papers ~ municipal governments. rail.
road. public utilities aud Industrial
concerns and the notes. bonds and
Obligations Of foreign governments are
offered u; high rates ~ interest. and
thus It u thu, the dcmund for money
IL no great that u Is Impossible for the
country 20 supply Il.
Reduction IN the vnlue 10 foreign
exchange has placed n serious embargo
upon exports ~ farm products 10 for.
eign countries. 40 that such money ~
can be obtained costs unusually hish
rates q intcrcat and general lqulda.
tlon at a sacrifice ~ great loss To stock
raisers and farmers. Complainant.
say that these conditions demand a re
adjustment aud reduction q. these sd
Nanced rates on livestock aud farm
products
"Ther esult ~ this condition In TIM
the farmers and stock men are unab,.
; 10 put their livestock In condition 20,
tnnrkei and are compelled a. eel 4
Tor whatever they oan set In an un
marketable condition. as The dali,
: transactions Of the big markets demon
: stfate. on that account the grain an
feed products % the country cannot b
used Ter the ordinary pIrpoBes 10 an
reasonable eS;cn, aud tn stock unfi
!, !. Tor market cn reaching there can TN
no purchasers Ter the purpose az fec
Inc griin. forage and co,,unse.i prt,t
d acts ~ the country USED In fat,enIn
|, livestock Tor the market. Furthvl
even Y the financial aii we're obtain
able Tie oIponne ~ he business an
J marketing ~ livestock upon price
!. prcsen, NJ prospective render the bus
ness unprofitablc
- "Shcap hav. ~ declined In value tha
'' they will scarcely pay the fnieht I,
market from the far distan, territor,
1 from which they M" ahlpped aud fruu
which the enormously hlgh rates cr.
atcd D. the pcrcentagc advances ar,
}. applied
THE whole is unstable and IN,
= crops 4 last year are stored with n,
huyerF. the grain and cattle helm,
shipped into the United States fron
'anad. In open competition with IN,
home product. tending to s,ill furthe
g reduce the price and add a. the urrpla
u u the markets
= The hanks are unable % furnl.l
money or secure money or % redisraun
their i1pcT for the purpose - carryinI
, on the business IN the ordinary va,
, and 10 cnahla feeders. ranehmen an
farmors 10 secure cattle upon which q
operate. hold and mature their produc
and market u; and as the present d.
4 mand may require, al prices that vii
} pay ANYTHING approaching the cost q
. production