| Show BETTER B ert E P DEMAND FOR FARMS the federal 1 l land bank of berkeley sold nearly a quarter of a million dollars worth of farms during the first nine months of this year according to a statement made to the federal farm loan board by willard D ellis president of the bank mr air ellis has been conferring during the week with the other I j dents of the federal land banks and federal farm loan board concerning the business of the banks which now have outstanding in long term first farm mortgage loans more than a billion dollars the berkeley bank has loans outstanding in the states of california nevada arizona and utah to talling about we find a slightly better demand for farms than a year ago and a considerably greater demand for small farms on the part of city and town people said mr air ellis many of them have decided that farming as a vocation is better than employment in the cities with its uncertainties and they are making sure of shelter and food I 1 in the four states comprising the territory of the bank commodity prices remain low but there here are a few favorable signs of recovery the very hot weather during the last summer so curtailed the crops of fruit and feed that with normal sales this year the surplus should be cleaned up of late years there has been a carryover carry over of these commodities which has had to be marked in succeeding years and has been a drug on the market livestock loans are in strong hands at present and we do not expect trouble from that quarter loans are on a sounder basis and there is little likelihood that the producers will be asked to liquidate there are probably fewer heads of cattle on the ranges in nevada on account of the drought arizona range conditions are good with improved general business conditions I 1 believe we may look for better prices for livestock |
