Sioux County pioneer. (Fort Yates, Sioux County, N.D.) 1914-1929, 1921-09-29
EQUITY TO TRY !.
QUANTITY SALES
Advance ot$15,ooo, 600 by War
Finance Board Gives Bio
Opportunity.
TO AID COOPERATION
Federal Body Expected to Make Many
Agricultural Loans-Means Much
to Perfection Of the Market.
ing Program.

shington.-Advnnces of $l5,OOO.-
OO,OOO for agricultural purposes, an
nOunced by the War Finance corpora
ton, will be made available to the
Equity Cooperative exchange, oper-
ating in Minnesota and North and
South Dakota.
The announcement of the advances
by the corporation omitted the name
of the associatiatiOn in accordance
with the corporation policy not to
make public the names of the bor-
rowers unless their permissions We're
given. The Equity Cooperative ex-
change has its main offices at st. Paul,
Fargo, N. d., and Superior, Wis.
The agreement entered into between
the corporation and the exchange was
said by officials of the former to pro-
vide that not more than $15,0OOOOO
would be made available to assist the
exchange in the three states in mar
keting their wheat crop. The credit
will be available for use as soon as
the crop is in warehouses and receipts
can he placed as securities for the act
ual loans.
To Aid Marketing in General.
The agreement, officials said, is the
first of an expected large number of
transactions with cooperative associa-
tiOns in various parts of the country.
The corporation announced approval
of applications for advances totalling
$4,DO,OOO to assist in financing eX-
ports of cotton and tobacco. With APP
plfcations for advances under the cor
l,orations enlarged power for extend
ing upwards of $1,OOO,OOOOOO for ag-
ricultural and livestock credits COM
ing in in great numbers, officials indi-
Gated that credits of considerable sums
would be arranged within the next two
weeks. Under these conditions, Off
cinlS said, it was highly probable that
the first issue of war finance cOrpOr-
alton bonds to provide the funds for
carrying out the congressional author
izatiOn would he Forthcoming in the
near future.
With the definite announcement
few days ago that the War Finance
corporation has made available a loan
of S15,OO0,O00, to be used by the Equity
Cooperative exchange in the orderly
marketing of the northwest'S grain
crop, Fargo officials of the U. S. Grain
Growers, Inc, predict definite success
of their wheat pool movement
As q result of the loan to the Equity,
they point out, $15,OOO,OOO will be pour
ed into the three states Of North and
South Dakota and Minnesota and al
most immediate distribution to the
wheat producers.
Start Drive at Once.
Campaign will be started at once in
Minnesota, under the direction of Il.
III. Critchtied. and in North Dakota
under direction of Usher L. Burdick,
for Il One-year pool plan, formers be-
ing asked to sign contracts pledging
the delivery of their grain to the
Equity in st. Paul. The Equity eN-
change. as a result of the large federal
loan. will he able to take advantage
of the theory of quantity marketing.
The grain shipped to the central pool
by the farmers of the three states
will not be dumped onto the market
all mt once which would have ten
dency to drive the wheat price down.
but will be fed to the market as
needed.