OCR Text |
Show PHI MARKETING PROGRAM GIVEN National Federation Draws List of Recommendations for Grain Crop cuicauo. Dee. ib, The farmers committee of seventeen, appointed by the American Farm bunau federation I to Investlsrate agricultural marketing i conditions Tuesday announced a scries i of recommendations which i; 1)1 p I I he Included In any system mm d In handling the country's grain crop, n I also adopted i resolution condemning , short selling and urgln-: OMj;res io enact laws to top It. The committee recom nd in I regard to handling the grain crop fol-1 low: 1111. IK EU MMl I1 lON Uarmer-owned elevator com pan I land sale agencies to operate on Die j local ami terminal markets of the ' United States. Farmer eXpOri companies and sale , agencies to operate on foreign mar-: keta for the pu-pose of handling Ihe exportable surplus. The grain gTOWSri of th United! j States should a soon hk posslMc ly rowtuul contract or othrwlie irrin-'' J for the sale of ail gruln on the Dasl I of cooperative bargaining Thut the foregoing shall be carried Into effect with the ultimate view of i the protection of the Just rights of 1 the producer and the orderly market -I inK of farm products. The committee, in a statement, said , it wished to axsure the grain produc- ers of the country that it appreciate, 1 i the need of prompt action, and that J just hh soon as Ihe necessary data ' could tie gathered, i definite plan to put in effect the foregoing recommendations recom-mendations would be presented. COM) M SHOB t 8 1 l i.im, I he i e.-oliit ton oncerninK short selling sell-ing follows: Resolved, that we' deem It morally wrong and highly detrimental to the interest? of agriculture and the consumers con-sumers to permit the practice now In1 j vogue of selling grain, cotton and 1 other farm products whUh the seller I or his principal do not own at the ! time of sale. K"--olvcd. further, lhat we do heretic here-tic petition congress to enact such leg-' leg-' Islation as will slop thin practice at the earliest poSslbU datit oo j Encroachment of salt water has re-l duced the production ol the Tamplcd ' oil fields about ffj per cent it is' I estimated. I |