Smyrna times., 1930-07-16
WHEAT QUOTATIONS, LOWEST
IN YEARS, CONCERN FARMERS
MARKET REACHES LOWEST
LEVEL IN SEVENTEEN YEARS
Farm Board Backs Movement to
Reduce Acreage and OrganiZa-
ton Against Futures Trading

Ihe 1881 wheat crop Is DelnS
threshed and from various reports
received it is one of the largest
and best that this Peninsula has
produced in many years. General
averages are running anywhere
from Is to 30 bushels to the acre
in the vicinity about Smyrna while
up near Middletown as high as 40
bushels to the acre is reported.
The quality of the wheat is excep-
tionally good, and the only griev-
anceS the growers have is the low
price being offered. Local buyers
have been quoting from rs to 80
cents during the past week, and
while some have sold, a large num-
ber will hold their wheat hoping
the price will advance. Leaders in
farm organizations are urging the
farmers to hold their wheat if pos
sible. At present there is a great
amount of wheat in the elevators
in what is termed the show win
dows of the world. This accounts
for the low prices now prevailing.
If wheat can be kept in the barn
until harvest is over, the price
might improve. At least this is
the opinion of the leader of farm
organizations. Many farmers are
unable to hold their grain, as the
notes for fertilizers and other nee
essities are due. But those who
can afford to hold their wheat will
possibly get better price for it
later on. When harvest starts
thousands of bushels ofw heat are
dumped in the city, and the buy
ers see an opportunity to buy at
their own price. If this wheat
could be kept out of the picture
for a time prices would get better
Word was sent out last week from
the Farm Bureau to farmers to
hold their wheat where it is posi-
BILE to do So 1t is claimed that
the price could hardly get lower,
and with less wheat at the eleva-
tors there is a slight chance of it
rising.
Better Price in Acreages Reduction
Proposals of acreage reduction
in the southwestern Winter wheat
area which produces a consider
able portion of this country's con-
tribution to the worlds bread bas-
ket, will lie in the hands of the
growers. Completing a weeks
swing through Nebraska, Colorado
Kansas and the Texas panhandle,
Secretary Hyde, of the Depart
ment of Agriculture and Chairman
Legge, of the Federal Farm Board,
brought their acreage reduction
proposal to Oklahoma. The meet
ing was the last of six in five
states they visited. Throughout
the campaign the secretary and
Farm Board chairman have urged
farmers to organize in order to
better their own situation. Chair
man Legge has expressed the the
y
to domestic demands would enable
the growers to obtain the full ben
eft of the AZ cent wheat tariff pro-
vided by this country, but he has
stated such a drastic reduction
was not contemplated immediate
ly.
Organize Against Future Trading
An audience of 1900 at Amar-
lilo, Tex. Saturday heard Secre-
tary Hyde expound his doctrine
that it is profits in net bushels of
production that pay the debts, and
raise the standards of living.
Chairman Legge said he believed
the present grain marketing sys-
tenn should not be destroyed and
that organization of farmers
would remove the need for grain
futures fra ding