San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-09-30
WHEAT FARMERS ARE
ADVISED TO MARKET
BY ORDERLY METHOD
War Finance Corporation
Also Calls Attention to
s Help Giuen.
BY DAVID LAWRENCE.

/
Washington, ID. C.. Sept. 29.-Mort
orderly methods of marketing and
the greater use of cooperative mar.
keting associations would, in the
opinion of the war finance corpora
ton do more good at the present
, time in relieving the wheat situation
than anything else the government
could suggest.
This advice was given the commit
tee of bankers from the ninth fed
eral reserve district at the conclu-
sion of their visit here. President
Coolidge has let it be known that he
will rely on the solutions proposed by
the war finance corporation as
well as the Department of Agricul-
ture. The issuance of statement
by the war finance corporation out
lining how extended had been rs
financial help to the state of North
Dakota. South Dakota, Minnesota
and Montana from whence the visit
ing bankers came was calculated to
offset the impression that the gov
eminent hasn't been doing its utmost
10 help the farmers of the North
west.
More than 81 per cent of the total
loans made by the war finance cor
poration to the whole nation are out
standing at present in the four states
above mentioned. And the loans of
the war finance corporation exceed
by Sl,OOO,0OO the loans Of the fed
eral reserve system in these same
four states. North Dakota alone
seat of the non-partisan leagues radi-
callsm-has received more money
from the war finance corporation in
proportion TO its population and the
volume of its production than any
other state in the Union.
Eugene Meyer, head of the war
finance corporation, called the attep-
ton of the visiting committee to the
experience of the corporation in ar
ranging advances totalling more than
Hlo0,OOO,000 to cooperative market
ing associations. principally to or
CARNATIONS handling cotton, tobacco
and rice" He added that the as
sociations have proved most helpful
IN improving the methods of orderly
marketing of American agricultural
products and that the loans proved
to be safe" The opinion was ex-
pressed by the directors of the war
finance corporation also that ait
would be of great benefit to the
wheat growers of the entire country
II the relatively small operations Of
the cooperative wheat associations
could be extended and developed at
the present time"
Mr.. Meyer, who has been inyestl-
eating the European wheat situation
at flrst d. explained why "under
present conditions of fluctuating OK.
changes, the European buyers do not
contract for wheat ahead but buy
from hand to mouth and do not carry
me normal Dre-war stocks of wheat
IN N, elevators and mill warehouses"
ms situation, he thinks, cannot
change for the present. "and the pro
uuclng countries must carry the
stocks which formerly were carried
by The consuming countries. this
means for America slower marketing
with warehOusing and financing nd
JGsted TO slower distribution and en-
phaslzes the Importance of developing
tons" "''
MOST of the proposals thus fa-
MADE for the financing of the Ameri.
can wheat export trade contemplate
scheme whereby the United States
government would buy from tho
american farmers at fixed price and
take the risk Of loss due TO changing
conditions in foreign exchange. There
Is no sympathy with that line of
thought in the executive branch of
government and there will be no ar
ceptance of it in Congress unless the
radlcals gain control in which case
Ihey might have to reckon with