Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-19

bringing at Chicago?" The inability
If the farmer to get his price for hl'
products always has been the particular
weakness of the American farmer. One
of the members of the Federal Farm
Hoard Carl williams, has suggested
that the grain futures act be moolnec
NV Congress, so as to give greater pup
Iicity to the names Of those using the
commodity market for speculative pur'
poses. without ownership or contem'
plated ownership of wheat.
To meet just sucn connlCohs' tht
Federal Farm Board was created, ano
If is conceded the board has done much
for the farmers by helping build up co.
oneratiyes. loaning money to the Whea'
Growers and keeping of the market lts
huge holdings OF 275, 000, 900 bushels Oh
wheat. Last week Chairman Stone o.
the Farm Board, replying to critics o,
the boards sterilization, asserted tnal
at least sl0o, 000, 900 profit had come
to the owners OF wheat, although not al
to the farmers, as q result OF the Gov
ernment's efforts to bolster prices IN the
face of q declining market.
X
Vice President Curtis and other rep
resentatives of Western WHEAT states are
importuning the Farm Board 10 con,
tinue to hold its wheat ana not let y
get to market, even to the extent OF tne
S ,O00, 900 bushels a month, wnlcn tne
board announced q couple OF weeks age
it would do. The board, declining to
change its general problem, indeed, our
ing the past two weeks, has already ols-
posed of more than 100000 bushels
of its surplus wheat holdings, as "emer-
gency transactions"
Big what producers in the West ano
Southwest are enliSting the aid OF the
banks in putting on payments Tor farn
implements for 80, so or 90 days, hoping
that in that time wheat prices may nt
higher. In announcing on Friday that tnt
board would not resume StabliiZatlon
buying of wheat as demanded by the
Southwestern farmers, Chairman Stone
declared that so far as the board Is con
cerned a moratorium on farm loans
impossible.
General conditions throughout thu
world indicate that there Is no real so.
luton to the problem except in reduced
planting. All appeals to the farmers tc
limit production, however. have beer
unavafling so far. Some one has nov
come forward with brilliant suggestion
that the Farm Board offer bonus fol
each acre not sown to wheat this veal
WHICH was % S0Wn ldSt yCAI' AAtS, IA VA.
opinion OF O member OF the New York
Produce Exchange, would be q cheaper
and more effective method than holding
the wheat now in the hands OF the
board.
All evidence points to the fact that
this country is coming into the next
crop year with q wheat carryover much
larger than that of last year. Reports
to the Departments Of Agriculture anc
Commerce further indicate that good
crops are also expected In the leading
producing countries In Europe, even IN
Russia, which, however, may be little
below normal in its output.
The one encouraging feature, from 9
marketing standpoint, is the prospect Of
short crop in Canada, and, perhaps
thanks to q reduced planting acreage,
reduction In Argentina and Australia
The buying power of Europe is depend
ent, to a great extent, on the 0utcoH'
Of the present situation In Germany.
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