The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1925-01-01
THE U.S.. WHEAT
GROWERS WATCH
CANADIAN POOL
Direct Marketing Plan Proving Sue.
cessful in Face of Jumpy Market.
How 1t IL Done.
Written especially for the News
By ROBERT FULLER
Thru Autocaster Service

| Rts dtisf mflaftss ijtN. Co. w neat
growers Of the United States, both or
ganized and unorganized, are watch
ing with keenest interest the wheat
marketing in Canada. Up there. be-
tween 80 and 65eo Of the growers
have risked their future hopes in a
pool Of their grain, in the effort to
bring into their own pockets some Of
the millions of dollars In annual profit
on wheat.
II Canadian wheat growers can
solve the marketing problem of their
three to four hundred million dollar
crop each year, then American wheat
growers will be convinced that tae
plan Is practical and can be applied to.
their own billion dollar harvest.
Briefly, with wheat prices sticking
close around the s1.50 mark, it might
be said that the Canadian growers
plan Is receiving the acid test. How
ever, those well informed on the sub
iect insist that the growers are stick
/, ing to their guns and that they have
come through 1924 with flying colors
and are more firmly entrenched to
carry on with the 1925 yield.
Bankers Are Financing the Growers
Organization
| First Of all the Canadian wheat
growers and bankers are working
hand In hand The province banker
realizes that the farmers welfare Is
his welfare, and he has made and IL
making IT his business TO see that the
wheat growing farmer liz financed.
The frat year, which was in 1923,
the Ganadian Bankers Association
finansAd the wheat growers organi-
xatfcn w1sh approximately $lh.Oe0, 900
at ehN- This year, the bankers
raised the ante to $2B, 100000 at 6es.
The association was organized and
Is conducted as follows: First of all.
one cent a bushel is deducted from the
growers price, this giong to reserve
fund. AT this stage of the fight.
another 2 cents bushei Is deducted
for the purpose of building grain
storage quarters and elevators.
This year the association has paid
VI per bushel on delivery. AT the
end Of the season all funds received
for wheat In excess of that price will
be divided pro rata. The number of
Canadian wheat growers pooling their
grain this year has been reported be-
tween sixty-fiye and ninety thousand.
AS result OF this wheat pooling by
growers, Canadian bankers report
that more than ffty per cent of the
farmers will be able to meet their in~
terest payments on mortgages this
year. condition that has not existed
since shortly after the war.
Binding Contract With Growers
Prevents Bolt.
The farmers contract with the or
ganization is binding to the extreme.
made SO to prevent the timid from.
TO an independent market.
when prices break sharply, AS hap
pened once since November /, when
Winnipeg high for hard wheat ADJUST
ID to Chicago quotations.
II the wheat grower bolts and de-
ivers to independent buyers he must.
oay fine of 25 cents per bushel and
8 subject TO suit by the association.
The cost Of joining is SO, this going
Q the general expense fund. The
or selling agenc.1 of the
rganization is of course Of first inn
'ortance. The year just closing has
'een very iumpy one in wheat. The
rganization has good sales agency,
mall it IL admitted, but efficient. A
margin Of Is cents Is set at all times
etween the cash payment to growers
nd the market price.
Growers Claim Market Has Been
Stabilized
These organized Canadian wheat
rowers are convinced that If their
ooiing proves successful by the time
Y Of the 1924 crop has been disposed
|, that the movement will have done
ore to stabilize wheat prices and
store prosperity to the wheat areas
ian all OF the loan plans and political
forts ever dreamed of.
1t is but a short step from the
heat fields and grain markets Of
snada to those Of the United States.
'ccess there. such as is indicated. is
re to be followed here. because
tfe "a difference
the number Of wheat growers there