Show SEEK EEK UNIFORMITY OF WAREHOUSE V RECEIPTS Regulations Approved by Secretary Secretary Secretary Secre Secre- tary of Agriculture Action Taken raken With View of Making Acknowledgment of Highest Collateral Col Col- Collateral lateral Value and Assistance In Financing for wool warehouse warehouses H nt under tinder the United States warehouse act recently approved by bY the tIle secretary secretary secretary secre secre- tary of agriculture are now ready for distribution by the United States department of agriculture The he act net which is is' not mandatory was enacted with a n view v to bringing about the uniformity of warehouse receipts re re- receipts and making them of the highest collateral ral value S Such ch receipts readily read read- readily ily n negotiable and generally acceptable ble as security for loans on wool will willbe willbe willbe be of definite assistance In financing Because the tho act is entirely permissive permissive permissive sive In n its nature warehousemen will willbe willbe willbe be licensed only upon their application to th the secretary of agriculture By Hy becoming becoming members of the federal warehousing system warehouses acquire acquire ac ac- ac quire a better standing are more highly high high- bankers and depositors depositors depositors Jy ly y regarded by bankers tors and the added confidence so created created cre cre- serves to attract additional business business busi busl n ness ss of the more substantial and desirable de tie- kind The benefits of coming Into the system are numerous Parties Interested in becoming li licensed Ii- Ii t tensed censed and In obtaining the advantages to be s secured ther thereby by should address inquiries to the Chief of the Bureau of ot Markets Department of ot Agriculture Washington D. D C C. |