Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-03-09
S1OO,OlO,O]D URGED
FOR FARM BOARD
HooVer's Request for Add
tionaI Funds Seen as
Expansion Move.
Nv the Associated Press.

By the Associated Press.
President Hoover's request yesterday
that Congress Immediately make avail
able to the Farm Board another $lOO,-
OOO, 900 of the revolving fund was
taken in farm circles possibly to ndi-
cate a bold expansion of the boards
operations.
The board announced only a few
hours after the President made his re-
quest that George S. Minor Of Alton,
H., had been named vice president and
general manager of the Wheat Stabin-
zation Corporation.
Minor will relieve william G. Kellogg
Of the double responsibility OF direct
Ing both the Sterilization Corporation
and the Farmer National Grain Cor
poration, Of which he is vice president
and general manager. Kellogg is presi-
dent Of the Sterilization Corporation.
It was said unoff1cially at the board
that Minors appointment indicated
that the Sterilization Corporation now
would begin the actual marketing Of
the wheat it had bought-an amount
close to 100000 bushels. with from
100000 to 100000 bushels being
added daily.
Depends on Board for Funds.
The marketing operation is depended
upon by the board for the return Of
funds used to buy the wheat and take
it OF the market. Minor who has had
wide experience in the milling and
banking business, faces the task Of sell
ing the wheat to domestic millers, who
are buying wheat for less than the
sterilization corporation paid for its
stocks, or finding foreign outlet for
1t on an export market that has been
dull.
Free to give all his time to the grain
corporation, Kellogg is expected to seek
storage facilities and attempt to bring
more co-operatives into the national
grain marketing organization. A num-
Der Of problems in connection with re-
gional set-ups and expansion Of CO.
operative membership were unsettled
when sterilization operations began.
Move to Stabilize Cotton.
In some quarters the Presidents re-
quest for additional funds was viewed
as indicating the probability of stabili-
cation activities for cotton being started.
Such move has been suggested num-
Der OF times both by members Of Con-
gress and by cotton co-operatives. A
delegation from Tennessee ana Ar
kansas, headed by Charles @. Henry of
Little Rock, treasurer and a director Of
the American Cotton Cooperative As
ISOLATION, was before the board last
week. Henry said cotton growers were
discouraged with the present market.
There has been talk at the board Of
approving proposed consultations of
cotton co-operatives in various sections
OF the South with view to the crea-
ton of credit corporations as sub
salaries through which producers could
get loans to finance production,
Production credit was provided for In
the new plans for q national live stock
marketing association. The use of Fed
eral loans to acquire the capital stock
In credit corporations would greatly in
crease the demands upon the board.
The board has made commitments Of
about 500, 0o0, 900. which leaves 1t with
only $50, 900, 900 of the original appro-
priation. The Presidents request to-
day would give It another $100, 200, 900.
This would make q total Of $3.50, 900, 900
placed In the hands Of the board, or ex-
actly half of the $5o0, 100000 author
lied in the farm act.
aLesge Confers with Hoover.
Chairman Leeee repeatedly has said
the board was going through" with
its sterilization plans and would use
whatever amounts Of money were neces-
SAry. He has had recent conferences
with President Hoover and Secretary
Hyde. He has said the President was
supporting the board at every turn
and also has announced the boards
decision to call for delivery Of actual
wheat on May futures contracts pur-
chased by the Sterilization Corporation.
It was said at the board that Mr..
Hooyer's request to Congress today was
made within 20 hours after the board
had asked him to recommend additional
funds. The request was accompanied
by q message of approval from the
Bureau of the Budget.
The House appropriations committee
expects to consider the request next
week while some Senators tonight said
they might try to include the funds in
. deficiency appropriation bill pending
there.