| Show BEAN a GROWERS BROW RECEIVE ONLY ADVANCE steady decline dealin P of market causes causen association to 0 drop amount ad danced need to grower the following circular letter to association members from the colorado bean ean gawers association is is self explanatory plan atory we ve reproduce the same so that growers who have hae not yet et delivered their beans may be informed as to conditions the letter states we are aie enclosing enclose herewith pool receipt covering delivery of keans to the association tion together with wit advance hadvance check in the amount of ta 00 per pei cwt cat priors prior to october we have advanced 2 60 per cwt cat but the market macket has continued to decline so that we tire are forced at least temporarily to reduce the advance to 2 00 you no doubt understand that the money advanced ad arced to growers glowers is is largely borrowed on the beans and with independent dealers paying only 2 75 to to the grower it is impossible for us to borrow to advance and also pay costs of cleaning sacks etc the amount we can borrow of course depends on the market value ivalue of the leans beans we believe that the present low prices are due largely to the fact that beans have been comi coming I 1 ng in much faster than tle the trade could use them ind and as the market conditions ons improve Imp iove w we e L expect x e ct t to 0 m make a ie you an additional p payment a y m e n t br bringing i igi n g your advance up to boins very truly A al H |
