z V {
. i 254 , - Ifentueky Btzcllettht N0. 270
r V
  l 3. Where there are relatively few buyers it may be possi-
l · 1 ble for the buyers to form agreements regarding their purchases. I Ulm
i .   V p. If agreements of this kind should be made the price usually um€
V t . would be low to give the buyer a, larger margin of profit, to the Wim
. _ ` i disadvantage of the producer. Free competition among buyers €ffl@
V. ‘ l I is absolutely essential. ·
i * l 4. When an auction sale is started the territory, so far as Sold
T V i the sale of livestock is concerned, is divided between private bm
{ sale and the auction sale. Many buyers would rather buy pri- buy
    · vately and there are at the present time at some points evidences mmf
{   ` , of buyers meeting farmers on their way to the auction and at-
‘     tempting to buy the livestock privately. This divides the terri- EEK
_ NE l tory, reduces the volume a.t the auction and ultimately may go 13
if ii i   ` i so far as to make the auction a sale of "left overs." This rac— full
., , P
.,     _ · ticc causes dissatisfaction among both buyers and producers and gm
p     i   is harmful to the auction company. Im
a i   _;. , FUNDAMENTALS FOR succrass Wil
' i . i · _ The following are important factors which determine thc pos
  l success of a livestock sales organization: CYS"
  ii y 1. Adctptebility of Auction M ethod. If the auction method hdl
    V of selling is to be successful the commodity must be a