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Show Utah Poultry Men Get $500,000 Loan For Storage Plan BERKELEY, Calif., April 30 A commodity loan of $500,000 was made today by the Berkeley Intermediate In-termediate Credit Bank to the Utah Poultry Producers' association associa-tion of Salt Lake City to enable that marketing cooperative of 6,000 members to carry their eggs in storage for fall sales. The loan was secured by warehouse receipts from storage plants in Chicago, Buffalo and New York. The loan negotiations which were closed by Clyde C. Edmonds, Ed-monds, Salt Lake City manager of the cooperative, will have significance sig-nificance for all poultry cooperatives, cooper-atives, inasmuch as it marks a new policy on the part of the Intermediate Credit bank. With the sanction of Intermediate Credit Commissioner George M. Brennan of the Farm Credit Administration Ad-ministration at Washington, for the first time eggs have been included in-cluded in the farm commodities handled by cooperative associations associa-tions upon which the intermediate credit banks can make loans. The interest rate of such banks is now 2M: per cent, which is considerably consider-ably lower than poultry producers produc-ers have had to pay in the past for storage facilities. |