Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-10-08
Sales STANDARD OIL ISSUES AND FOR
in units MER SIDIARIEASTOCKS.
Washington Ticker
By the Associated Press.

By the Associated Press.
The strengthening of agriculture's
economic position through the fed
Grating of cooperative marketing asSo-
Citations on a Nationwide commodity
scope is expected by members of the
Federal Farm Board to make notable
progress in the near future.
group Of officials of the newly
formed $20,000,000 National Grain
Marketing Corporation will arrive in
charter Of organization to the boards
legal counsel for scrutiny in the final
approval of a substantial loan to the
organization. This will mean that a
Nationwide cooperative marketing
organization for two of the Nations
major crops-corn and wheat, togeth-
er with lesser grainS-will be set in
full motion; maybe not able to work
effectively in the sale of the 1929 crop,
but ready for the marketing of future
crops. Another major agricultural
product-wool-also has taken definite
steps toward the formation of a ma
tional marketing agency. The repre-
Sentatives Of the existing cooperative
associations of this commodity have
organized committee to draft q plan
for a Nationwide organization.
The board also Is working on plans
for Nationwide co-operatives for three
other crops-potatoes, tobacco and rice.
For the other agricultural products, it
is expected, the cooperative marketing
agencies will take the form of regional
or State organizations. Members Of
the board feel that fruits and vege-
tables. can be sold more economically
to nearby markets and therefore can
find their greatest strength in State
wide or regional co-operativeS. Cotton,
because OF its concentration in the
Southern and Southwestern States,
probably will have a regional Fedora
ton Of Cooperative Marketing Asso-
Citations, which in reality will amount
to Nationwide organization.
To date the agricultural co-operatives
have applied to the board for a total
Of $70,000,000 in loans, according to
Chairman Legge. and his body has
tentatively approved $57,000000. The
loans are divided into two major cate
gories, commodity advances to aid in
marketing operations and loans to in
stall packing or storage facilities.
That the board has utmost faith in
the utilization of the cooperative mar
keting agencies to restore the economic
health of agriculture is evidenced by
the views Of James G. Stone, its vice
CA1cSAA LAeA1' "A AAlOAC OA0CAAy oyoVCAtA 4OA
the handling and selling of agricul-
tural products must be established"
Mr.. Stone says, adding that through
such a system the farmer can gain
economic equality with other indus
tries"
"The only thing the farmer should
desire in the organization and develop
ment of his own selling agency" he as
serted, sis to place himself in a posi-
ton where can intelligently develop
facts pertinent to the product which he
have q reasonable chance Of receiving, a
price based upon the economic condi-
lions surrounding the product"
Mr.. Stone believes the middleman
marketer Of farm products and the con-
Stunning public should be brought in
closer contact with the farmers prob
lens, so they can understand the lat
ter's difficulties and aid in their solu-
ton. He also feels the co-operatives
have another purpose-one already
served by the Agriculture Department
that Of advising the farmer OF the
needs Of the consuming market in ad-
vance of planting, so SURPRISES shall not
be planted. If the grower did not fol-
low advice In planting, he would have
to expect lower prices, IN the vice chair
mans opinion.
The plan Of an organization Of Amer
lean bondholders to press the claims OF
American holders Of defaulted foreign
Commerce Department, issued today,
which deals mainly with the experiences
of France in handling similar ques-
ton. The French government does not
guarantee the value Of proposed foreign
loans, but inspects them thoroughly In
advance. If the securities are defaulted.
the French government in the usual
manner supports its nationals in press
ing their claims.
But the National Association OF
French Holders of Securities Is the
partment's report as having contributed
the major protection for French hold
ers of defaulted foreign securities. 1t
brings suits in the name Of its mem
beers and when diplomatic action Is TAX
en- serves in a consultant capacity
through its legal counsel.
A step Of great importance toward
the adoption Of standards for producer,
consumer and distributor requirements
for record and printing papers has been
consummated through the Bureau OF
Standards. After preliminary examina-
ton Of the standards for the industry
the bureau and the industry's officials
arranged to call q national conference
on April 8, 1880, at which the proposed
standards win be submitted for adoption
by the industry. The standards Will
cover IS different kinds Of paper, in
Guiding, blotter, bond, book, coated
board, cover paper, envelopes, 1edgers.
manifold, Monograph and post card
stock.
Reflection Of the 1929 record move
ment Of revenue freight is found In the
earnings of the Nations railroads. For
the first eight months of tbs years class
one railroads, according to the Bureau
Of Railway Economics, an organization
of the carriers, had net operating in
come of 1927, 734 ,976, or an annual rate
Of return on property investment OF 5;5
per cent. This can be compared with
the same period in 1928, when the In
come was $3.50. oSi .6s1. or 4.62 Per
cent retprn.