White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1933-01-12
Financing of
1888 Fruit Crop
Being Discussed
EFFORTS BEING MADE TO SECURE
FUNDS FROM Federal FL
HANGING AGENCIES


HANGING AGENCIES
Methods of financing the 1888 fruit
crop are now engaging the attentlon
not only of the growers but dealers and
shippers as we'll. Efforts are being mace
to effect a uniform program through
out the state and to secure funds, II
possible, from the federal loan agen-
cies. To this end, conference was
held in Spokane last week between
some of the leading dealers in the
state and representatives of the loan
agencies The following report OF this
meeting was published in last Sun
days Yakima Herald.
Presentation of the fruit industrys
need for adequate financing OF the 1888
crop made by fruit men to representa-
| tives of federal loan agencies in Spo-
kane Thursday and Friday were &C
companied by assurance that they
would use their influence for lower
costs of supplies, packing, storage and
marketing.
I, They also recommended that the
utilization of loans be closely super
vised, and there was strong sentiment
in the conference for more orderly
marketing than practiced to date this
season. The fruit men expressed will
ingness to reduce the selling charge
20 per cent, making it cents box
on apples.
The Washington Boxed Apple Blu
reau acted for the industry in the
Spokane conference, and B. A. Perham
was chairman of the group of fruit
men which met with representatives
of the reconstruction finance corpora
ton, the regional agricultural credit
corporation, the intermediate credit
bank and the federal reserve bank.
Yakima men in attendance were Ly-
man Bunting o. k Conant, j. W.
Hebert, F. E. Miller, r. A. Matson and
Perham They returned Saturdaym
ing.
Perham said Thursday was devoted
to discussion of the situation, the fed
eral men asking at the close of the
conference that the fruit men submit
: plan under which the financing OF
the 1888 crop might be handled, and
such plan was presented Friday.
The written statement reviewed the
situation and the needs Of the indus
try for financial aid with recommen-
! dations how the loans might be handled
!, and how satisfactory secuj tiles might
be given. Recommendations were made
for a reduction of costs by all factors,
, including material concerns and light
' and power companies. Perham said no
{ production in storage costs was agreed
upon.
The federal agencies will study the
v plan and call a conference In Spo-
2 kane this week, when a smaller COM
mittee of the bureau will meet with
6 them. w. F. Gwin and j. A. Meade
r of Seattle, Myron Foster of Wenatchee
: and Perham as chairman, will constl-
4 tute the committee. w. H. Horsely
. secretary of the bureau, will attend.
s "While we recognize that the fruit
: industry must have financial assistance
in the production of the crop, we want
loans made on sound basis, in fact
4 the credits of the fruit industry must
: be in line with other credits" said
a Miller Saturday night
r. 1.-THE marketing agencies must show
6 themselves to be as capable as the
y loan agencies in order that the fruit
J. may be sold to realize it's full value
h Unsound and inexperienced manage
! ment has no place in the marketing
= of fruit, and the federal agencies will
\, not allow inefficient or destructive mar
70 keting.
= "The details for financing the pro-
"a duction of the 1888 crop can be worked
out, but the industry must set its
;. house in order and make itself worthy
!, of the assistance"
ne A report from Spokane says that the
&c agricultural credit corporation will loar
s. direct to individual apple growers *
lie cents box to help finance the 1885,
ne crop 1t is presumed that this is TO-
production costs only and not to b.
ee applied on packing and marketing
ty charges
rs, The clear and beautiful January day
MS that have been shining over the Prizes
DIS Rapids valley are all the more welcom
lal because the entire preceding month o
ito December could boast of only seven day
tn that were wholly without clouds. o.
IRE ten days the sun did not shine at a.
he and IN 81 days the skies were over