Show T the livestock situation by L A mcnaughton los angeles An golea goles with tile federal fet leral government called upon more and more to assist in ili financing alv stock and producers tile public liaa haa reason to bo vitally interested tit in farm policies of tho present administration probably tile most moat important step so 30 far taken by tho the federal administration lias has boon been tho the measure calling tor for tile the consolidation of all governmental gover ninen credit agencies loalles aro are now no being made direct to tho the producer or la ili by tho government until tho the formation of the agricultural credit corporation government loans were made indirectly through tho the or of banks banka loan companies and cooperative associations ass ocla As nn an example of the old order federal farm board molloy could bo be obtained directly ly by nn all individual bul bill only through tho t lie medium of a cooperative organization approve approved dby by the farm board officials A far reaching decision has haa re bontly been made by officials of the agi agricultural cultural brodit corporation ond and also alao by the intermediate credit corporation which moy may vitally affect the marketing of all tann farm prod announcement Is IB made that no wool on which either of those theise agencies have loaned money can hereafter bo be sold directly by the borrower in hi the country or t f 0 b shipping point but must be consigned to a contra central point through a well established financially rel re and federally fed crolly recognized commission house or coope cooperative marketing association country sales balog of 0 wool have been general in ili tho the past with speculators wool houses scattered about ilio dio country buying at whatever price they lind to pay according to the tha information and trading ability of the ilio seller suh such practice Is rulious to 0 o tile tho wool market and proven prevents ts anything like stabilization of the price structure on oil tile the other hand when till all soles sales aro are ninde made on a central market supply and demand donin ild establish values fall fail to all those who are financing thus have tho the assurance that every buyer it Is responsible and that tile tho iKino wor Is gutting tho the full market value it la Is considered very possible that tho the government go as aa the no na tons lona leading banker will insist upon alin similar flar marke marketing practice in connection with other commodities as a moana tit calls of stabilizing markets marketa certainly such practice would aid materially in ili stabilizing livestock ll markets marketa |