Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-09-14
GOOD RESULTS
EXPECTED FROM
MARKET MEET
Legislation to Bond Gran
aries on Farms Suggest
ed by Governor.
Resolutions Passed; Com.
mittees Named to Make
Investigations.
(Herald Special Service.)

Fargo. n. d.. Ser. t4.-Generai
satisfaction was expressed here today
yer the outcome of the marketing
conference held in Fargo Wednesday
on the call of Governor r. A. Nestos
to devise ways and means for reliev-
ing the hardships to North Dakota
farmers caused by the slump in prices
of farm products. The discussion was
limited to relief for wheat growers,
inasrauch az this is the principal COM
modify which farmers in this state
have to offer. and which has suffered
most severely from the decline in
prices.
The matter was discussed from two
angles-that of finding immediate re-
lief this fall and the laying Of plans
TO provide more adequate ia
%cilities for orderly marketing
in the future. There was
mot much hope expressed as to
date needs, but the consensus of
opinion was that the conference would
result in improved conditions in the
future.
Four Points. .
Four outstanding points were
brought out in Governor Nestos' clos
Ing Address to the. conference. and
which were also embodied in resolu-
tions drawn up and adopted at the
meeting. The governor and commit
tee recommended that efforts be made
to enact laws at the coming session
of the legislature that would enable
the state to issue negotiable ware
granaries on the farm. Also that a
committee be appointed to go to
Washington Immediately and try to
make arrangements with the federal
government to advance credit to for
eign wheat-buying countries that are
in need of American wheat. Further
that another committee be appointed
to confer with Twin City railway Of
ficials in regard to reduced freight
rates on wheat from this state and
the elimination of discriminatory rates
on grain from this state. 1t also rec
commended that bankers, business men
and others In this state encourage and
foster the growth of wheat pooling
through cooperative marketing asso-
Citations, which asst SYSTEM accord
ing to the report, appears to your
committee to be the only lasting So
luton Of u problem"
The organization. with L. B. Hanna,
president, and Walter R. Reed, secre-
tary, was made permanent to serve as
an advisory body in the future.
Governor Nestos, in his opening ad-
dress. outlined the possible channels
through which better conditi and
better prices for the farmers com
modities could be brought about. In
the closing address, the governor
crystalized the general sentiment of
the meeting by advocating that the
farmer be given an opportunity to
borrow money on the grain in the tin,
by .enacting legislation. If possible,
at this next session of the legislature,
permitting negotiable warehouse re-
ceipts being issued or this grain while
still on the farm. This could only be
done. 1t was said, by virtually Great
Ing a miniature bonded warehouse en-
the farm to safeguard the interests
OF the banker.
Need to Extend Credit
In his address he also pointed out
the need of extension of credits to
foreign countries. exchange Of farm
products for Goa and other finished
manufactured products. as we'll as ad-
vocattng the support of grain market
Ing organizations in this state.
First of all" said the governor
relief that is needed relief for this
years crop. Then the problem of sc
shaping the future that we may in the
future avoid the same difficulties con.
fronting us this year. We must di.
rect our attention not only to the
evils Of the present day but to make
the conditions better in our state IL
years to come.
There are many phases of thi.
problem.
TN the first place. in talking with
people of the state, I have found tina,
their line of thought runs as follows
Some think we should create ad
ditional markets by the extension O.
credit by u government to foreign
countries, to countries that have NJ
money with which to pay for on,
product. have conferred with Pres
ident Harding and Secretary Wallac.
on this point.
Exchange Of Products.
Some, in. view of the car shortag,
and the vessels lying idle think tina
we should exchange our agriculture
products for Goa which could b.
brought in by ship as they are anxi
Gus to sell and we could in that wa,
be supplied or the Atlantic coast ant
thereby exchange farm products 70,
commodities produced or manufac
tnred on the other side Of the Allan
tic.
These are suggestions made to m,