THE EVENING HERALD. KLAMATH PALLS. OREGON
January 25, 1934
IM1INT
TO REGULATE
WOOL SALES
PAGE EIGHT
, ; ; . iTiiiiinn-irmr-sniiiir-- THiiiianMMsMwiaM-i
With approximately 76 per
' cent of tho wool crop Id the
Klamath empire owned by bor
' rower from - federal credit
agencies, Interest is strong here
In tho announcement that the
government will require the
", 1934 clip to be handled on a
.consignment basis as . was the
' cae luBt year.
Tho federal intermediate cred
It banks, the production credit
, associations and the Regional
Agricultural Credit corporation,
j havo beon notified to instruct all
1 growers indebted to them that
, all their wool for tho clip year
' 1934 shall be consigned to com
. mission firms or dealers includ
.' lng the National Wool Market-
lng corporation or other wool
" cooperatives approved by the
. wool and mohair advisory com
, mittee ot the Farm Credit Administration.
No Cash Loans
, Such borrowers are also to
, be advised that none of the wool
shall be sold at country points.
' Mo cash loans or advances shall
be made to growers on consigned
t wool. Wool shall be consigned
l In the name ot the grower and
the particular unit ot the farm
' credit administration involved,
1 The grower shall have the
right to select the party to
whom his wool or mohair shall
be consigned from the approved
' list ot the advisory committee.
" Such consigned wool or mohair
will be sold in consuming mar-
kets In an orderly manner under
ia firm price-selling policy
: throughout the normal selling
season. . HouBea receiving such
- wool will be required to dispose
. of It ratably with other stocks
i they have on hand, so the farm
credit wool will participate In
. the consuming market equitably.
No Contracts Made
: Wool or mohair consigned to
louses under the foregoing pro
- visions shall be sold with a
; commission charge ot 2 cents
per pound on original bag wool,
and an additional one-half cent
, per pound for wool that requires
grading, with tree storage and
Insurance for fonr months plus
, guarantee ot sales accounts.
, After the four-month period,
' charges for storage and insur
ance shall be at the rate ot 15
. cents per bag per month. Freight
. and cartage for wool or mohair
shall be charged for at actual
east with interest at 6 per cent
cn the amount involved.
,' Handling of government
mortgaged wool in this manner
last year was credited with
strengthening the market and
giving the growers a consider
ably improved price. About 25
per cent of the wool in the
Klamath country is free fleece.
There was no verification r-ere
Wednesday ot reports of large
wool contracts either made or
pending in this area.
Western States
to Demand Share
of Navy Building
' SAN FRANCISCO. Jan. 26.
(UP) Representatives of six
.lar western states tonight were
to be organized to demand that
congress and the navy depart
ment award to Pacific coast ship
yards their fair share in con
struction under the proposed
$380,000,000 navy expansion
program.
' Most of the coast shipyards
have been Idle since 1918. A
recent survey by the San Fran
cisco bay industrial committee
showed that , at least five ship
building plants on the Pacific
coast are adequately equipped
ana ready to begin construction
immediately. They are the
Moore Shipbuilding Co. of Oak
land, the General Engineering
Co., ot Alameda, the Los Ange
les Shipbuilding Co., at Los An
geles, and the Todd Shipbuilding
uo and Berg Shipbuilding Co.
oi Seattle.
'uMvrrauvrctf WON'T ITER TOUl )
rUt nr ) n SVES WORK-
HioHTomt vmwtm)
T, LOOK, DEAR 40R 5 SHADES I
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l l '
n
Auto Battery
95
r
$3'
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bulk price
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Qt.
18
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35ch L(
Sporlc Plugs
For 4 or more River
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mmmm.
Housefiold
Paint
2
29
gal.
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Bring Your Own Container,-
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Westinghonse
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22 Shorts
Ward's Famous CleanFire
Copper-coated with
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Alcohol
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95c
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66
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Bias Cut Slips
$j00
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Hosiery Valve
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Doable el
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89 c
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59 A
Boy Shirts
Dress broadcloth.
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15c
innewpatterns.Dou- i.:
MB0CQSroT7A 71 IT
5
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VI f