Show RAIN GRAIN MAR NU NUCLEUS FORMED BY y fARM BOARD Co Committee mitte to to Meet a and cJ Organize 20 Million Mic Corp Corporation r tion CHICAGO J i l 27 AP AP un Under the guiding hand of or ih tho federal farm arm board the Uie nucleus of ot w what at Is s anticipated anti anU- n to become becom a grain iraln ma marketing corporation was as formed here toda today The he Is a a. committee 0 of sixteen representative grain men eJected among moro more than than- I fifty who ha have attended th the tho sessions sessions of the farm board here during thelast the last last ast two 1 days at the thc boards board's 1 vl- vl This committee will will- hold Its first fir meeting In Chicago August 26 and organize the farmers national grain gran corporation cap authorized ital will wUl willbe be DC Increased ultimately to through the instrumentality of ot stock tock dividends Stockholders in th tho ne n new w corpora Hon will be bOe coo cooperative coop marketing associations elevator companies o or farmer owned sales sates at central cen cen- tr l markets on the basis of ot one one- share shire of ot stock for each ench member In Individual In- In farmers also will be per per- to purchase one share of or stock each ch Par value of the shares will be 20 WILL BE FIRST STEP Organization Organ z by the he grain r ln Interests In in- In Interests interests of ot the farmers national grain corporation will the the first first ac actual actual ac ac- step taken by the tho new newly created created created creat creat- ed farm t board to solve the farmers farmers' marketing marketing- problems Other similar corporations are ex expected ex cx- to be organized later later- to deal e. e ll with other commodities Plan for tor the new grain corpora corpora- Lion was submitted to the grain men by tho board oard as as the most feasible means of f stabilizing prices Members Members Mem Mem- bers of the board expressed themselves themselves them them- selves as gratified over the attitude of or- orth th the grain men toward the hc suggestion GUS sug and over Its Jis ready adoption William Willin t Settle of Indianapolis Indianapolis' president of the Indiana Farm arm Bureau federation Is chairman of the conin itte representing the central central cen cen- states wheat pools pool Other members include George DUI Duls Duis Grand Forks I 1 i. i D. D i D represent represent- representing ing the northwest pools Ernest Downie Wichita Kan and John Ma Je- Je Enid Okla representing the southwest pools M. M W Wb Thatcher Thatch Thatch- er Cr St. St Paul Minn and H H. H G G. G Keeney Kee- Kee ney ncy Omaha Neb cb representing the farmers union commission ag agen agencies n- n des cies S. S J J. J Cottington Stanhope la Ia representing the the- National Farmers Elevator Elevator- Grain company compan L L. EY E E. Y Webb bb Jetmore I Kas as representing S the Farmer Coop Cooperative com commission commis commis- aba sion company 0 of Hutchinson on Wichita Kas x E M. M M McCOllum In Indianapolis In- In Ind lad representing Ohio Indiana na and Michigan farmers elevator ele dc- vator associations Lawrence Farlow Farlow Far Far- low Bloomington Ill m representing Illinois and Iowa farmers elevator le associations F. F H. H Sloan Sioux FalIs 1 S S. S S.D. p D. D P. A A. A Lee tec Grand Forks N. N D Di representing Montana North Dakota Minnesota I n and South Dakota farmers cle elevator tor associations s S. S H. H Thomp Thompson on Chicago go representing th thc h 1 American merl an Farm Bureau Federation L L. J. J Tabor C Columbus lumb O Oj 0 representing the Grange C C. C Sauna Kas ZaS representing the c National al mes Fai-mes Un Union on and J J J. J I Knight Kansas City City- Mo representing the tho Farmers Equity Union SETTLE EiTLE J JUBILANT lLANT C Chairman n S Settle lUe 0 of th thc was wa ju jubilant over the great re t step forward for ward which he considers the projected pro pro- J organization or of ot the marketing corp corporation to represent for lor culture This Is tho greatest day t f for agri r agriculture culture that I. I can can remember he ald |