Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-23
House Committee Orders
Chicago Officials and
Brokers to Testify.
HYDE'S CHARGES CAUSE
WORLDWIDE ABATEMENT
Chicago Board of Trade Passes
Back to Administration Burden
Of Proving Manipulations.

The shadow Of the Russian bear to-
day clouded the world wheat markets
as executive and legislative branches Of
the Government moved to protect Amer
lean grain interests from the depression.
The spectacle of foreign government
reportedly dumping its entire wheat
supply into alien bins while doing out
strict rations of bread to its own citi-
zens was being watched with amaze
ment and concern here and abroad.
ncredulous that such a condition
could exist. and suspicious of Interior
ramificationS, the House Committee
which has been investigating Com
munlst activities In this country TO-DAY
ISSUED Subpoenas for appearance Of Of
nclaS OF the Chicago Board of Trade
ana several New York grain brokers at
bearings to be held within few DAYS.
Inc nrst hearing will be held in New
York Saturday. The Chicago witnesses
VIII De questioned at a second hearing
In Chicago next monday.
Russian to Be Heard.
A former vice president of the Am
torg Trading Corporation, said by sec
rotary Of Agriculture Hyde to be spon-
Sor OF the Al-Russia Textile Syndicate.
blamed for the price depression in the
chicago wheat pit, also is to be heard.
IN the absence OF Secretary Hyde
from Washington, the Chicago Hoard
OF Trade again passed back to the De-
partment OF Agriculture the burden Of
proving Soviet price manipulations.
Inc Business Conduct COMMITTEES 81
the board has decided to mark time In
ltS inquiry until Secretary HYDE or his
agents can supply information to bear
out Mr.. Hyde's scathing arraiRnrnent
OF Russian wheat operators.
secretary Hyde, on the other hand
noios the position that the information
can De obtained from the boards own
customers and he contends It Is the
nounden duty OF the board to take the
lnltlatiye in probing the alleged ir-
Irregularities. He has advised the hoard
however, that the department win BE-
gao 70 furnish what data it has. These
data were collected by DR.. j. w. n.
Duvel, chief Of the Grain Futures pi-
vision OF the department. To date tire
detailed information on which The Sec
rotary predicated his bristling aecisa-
lions against the Russians has been
guarded with great secrecy here.
Urges Buying Of Wheat.
The Federal Farm Board meanwhile
took a hand in the situation Char
man Legge advised American farmers
70 NIL their granaries with wheat In
stead Of corn and feed It to their
cattle. His argument was that A huy-
ing wave on the present low market
would serve to bolster prices again and
stabilize what Is admitted % Be a
seriously Sagging situation.
Dispatches from abroad disclosed that
America Is not alone In her predica-
ment Russian wheat, In visibly alarm
ing quantities, is flooding the Liver
pool market and debating prices TO
grave levels. The depression In Eng
land is not one Of artificial creation.
as Is that attributed to the Soviet on
this side of the ocean, but is the d.
rect working of the law Of supply and
demand. Indirectly, the Liverpool con-
dition is adding to the depressing eff
fects here.
An explanation of the wave Of selling
by Russian wheat growers is that the
Soviet is conducting gigantic drive for
funds with which to pay for vast orders
OF agricultural machinery for use under
the collective farming system. This
suggestion was received with incredulity
by Secretary HIDE, who commented &c
was difdcult to conceive of a govern
ment taking bread from starving ma
tionalS In order to buy machinery.
Those acquainted with Soviet ideals
claim that the people of Russia have
been educated to the belief that in fore
going bread and meat they are render
ing a great patriotic service to Com
munism. If discomfort is felt as a re-
suit OF the rationing policy, the people
Continued on Page 8, Column A.