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Show FARM LOAN RATE TO BEADVANCED New Arrangement to Be Perfected Per-fected Within a Few Days by Board. WASHINGTON, Dec. 10. The federal fed-eral farm loan board today announced an increase in interest rates to fanners fann-ers from 5 to 5 per cent. A now arrangement probably will be concluded within a few days under which farm bond loans bearing -1 per cent interest will be sold by the federal fed-eral land banks at a premium less than thol per cent now charged. Most sales, also, will be made by the banks themselves instead of by bond agents who havo disposed of nearly three-fourths of the $25,000,000 bonds issued under the farm loan act. The agreement with the bond dealers expired ex-pired on December 1 and lias never been renewed. The reasons given by the farm loan board for changing its marketing is that the large sales of Liberty bonds and certificates of indebtedness by the government has made it increasingly difficult to sell Vfc per cent .farm loan bonds at 101V6, making tile return only about 4Vi per cont. The raise in interest rates to farmers farm-ers will not affect loans already approved ap-proved by the farm loan banks. |