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Show BANK ASSURES WOOL GROUT AMPLE CASH Application of the Utah Wool Marketing Mar-keting association for loans to finance the marketing of Utah's 1929 woo! ( crop has been accepted by the Feder- al Intermediate Credit bank at 1 Berkeley, according to ward receiv- , cd Sunday by James A. Hooper, sec- ; rotary-treasurer of the Utah acsocla- 1 ,lion. I This will obviate the necessity of 1 eelllng me -wools Immediately after ' fbcaring, Irrespective f market conditions, con-ditions, enabMug the growers to wait , until they can obtain tho most satis- . factory prices, Mr. Hooper said. Officials Of-ficials of the Berkeley bank have In formed. Mr. Hjooper that as much money as Is necessary to market the entire Utah output will be made available. Mr. Hooper pointed out that since there has been very little wool contracting con-tracting to date this arrangement with the Intermediate credit bank will be a great boon to the Utah grow ers. H. W. Harvey of Heber City, president, presi-dent, and J. D. White of Paradise, vice president of the Utah Wool Marketing association, will urge all growers to take advantage of this arrangement to prevent a dumping of the crop and the subsequent depression de-pression of the market. It is estimated that the Utah woo! rop this year will be around 20,000,-" 000 pounds, slightly above that of last year. According to Mr. Hooper, "hearing this year is about 15 days behind schedule, due to tho recent cold weather, which has placed an unusually heavy burden on tho shearing corrals. |