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...last Autumn it has been buying heavily into the 1930 crop. Fortified with its full appropriation ? $500,000,000 ? from the Treasury, its actual and future wheat holdings are now estimated above 200,000,000 bu. Its operations have kept domestic prices of the 1930 crop from 20?? to 35¢ per bu. above the world level. Until last week the biggest question was: "Will the Board continue price-pegging when the 1931 wheat crop starts rolling in upon the market about July 1?" The answer: "It will NOT." Result: U. S. wheat prices must now adjust themselves downward...
...20???American Jewish Congress; at Washington...
...20???Round Table conference on Indian Affairs; at St. James's Palace, London. Not invited: Mahatma Gandhi, Mrs. Naidu, Pandit Motilal Nehru, Patel brothers...
...20???Round table conference on Indian Affairs; at St. James's Palace, London. Not invited: Mahatma Gandhi, Mrs. Naidu, Pandit Motilal Nehru, Patel brothers...
Wheat last week continued to make economic and perhaps political history when the Chicago price dropped to 83?¢ per bu., lowest since 1914. For the first time in 28 years corn sold in the pits 2¢ per bu. above wheat instead of the usual 20?? or 30¢ below. The husbandman's cry of "Crisis!" rose more shrilly throughout the land. Chairman Alexander Legge of the Federal Farm Board abruptly departed from Washington on a second crusade through the West for wheat acreage reduction (TIME, Aug. 4). En route he paused at Chicago to confer with cotton growers...