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Show Loaning Agencies Report Conditions Class B stock in the Utah Livestock Live-stock Production Credit association and the Utali Farm Production Credit association, both state-wide short-term short-term lending agenc'es under the Farm Credit administration, amounts to $109,010.00 as of June 30. This statement was recently made by Secretary-Treasurer George E. Col-lard Col-lard of the Utah Livestock Production Produc-tion Credit association in behalf of himself and of Secretary-Treasurer Edwin K. Winder, representing the companion organization, both of wh'ch have offices at Salt Lake City. This class B stock, so Secretary Collard stated, represents the purchase pur-chase by every borrower from either organization of stock in the amount of $5 for every $100, or fraction thereof, borrowed on a short-term production loan. The class A, or capital capi-tal stock, was purchased by the Production Pro-duction Credit corporation of the eleventh Farm Credit administration district, located in Oakland, Calif. There is at the present time- $550,-000.00 $550,-000.00 of such capital stock outstanding outstand-ing in the Utah Livestock and Utah Farm Production Credit associations, so Secretary-Treasurer Collard said. According to Mr. Collard, disbursements disburse-ments made by both of the associations associa-tions throughout the state from the time of their organization less than two years ago to the end of last - month amounted to $4,044,120.57. Forj the month of June disbursements oh' loans to livestock men and farmers equalled $176,553.10. In the four! states of the " eleventh district, em-! Hoyt, Nephi; Samuel E. Hyer, Lewis-ton; Lewis-ton; J. M. Mills, Ogden; George Stall'ngs, Eden. bracing Arizona, Utah, Nevada and iv California, thirty production credit .. associations there'n had made a total of 7,565 loans amounting to $25,540,- 000 from the time of their organiza-tion organiza-tion to July 1, Mr. Collard added. Of this sum, $11,650,000 was outstanding outstand-ing at the end of last month. During the past week the Produc-ist Produc-ist tion Credit associations have held 1Ne their quarterly board of directors re" . meetings in Salt Lake City. W. R. Andrew, vice-president of the Pro- duction Credit corporation, with his headquarters in Oakland, was present at these meetings and expressed his approval of the progress made by the associations. Officers of the Utah Livestock Production Credit association are: Ephraim Bergeson, Cornish, presi- dent; S. M. Jorgensen, .Salina, vice-H vice-H president; George )E. Collard, Salt I, Lake City, secretary-treasurer. The following, with the officers, comprises the board of directors: Charles Redd, LaSal; Dell Adams, Lay ton; Sylvester Broadbent, Salt Lake' City; W. B. Mathis, St. George; Hyrum Nebeker, Laketown; R. E. Allen, Al-len, Provo; M. A. Smith, Salt Lake City. Officers of the Utah Farm Production Pro-duction Credit association are: T. A. Butterfield of Riverton, president; Harvey A. Nielsen, Spanish Fork, vice-president; Edwin K. Winder, Salt Lake City, secretary-treasurer. The following are additional directors: di-rectors: Lawrence Christensen, Delta; Del-ta; Abe Hansen, Richfield; West 5 Hammond, American Fork; Will L. |