The Waterbury Democrat., 1931-07-01
CAMP OPENS, 95 BOYS UNDER TENTS
FARM BOARD WILL NOT WITHDRAW
 FROM MARKETS
Will Continue to Handle Wheat, But Will Limit Govt Owned Wheat to 5,OO0,000 Bushels
BY H. o. THOMPSON United Press Staff COrreSponden)

(Onlteu Press StaH COffeSpOnOcnt) Washington, July 1-(UP)-The federal farm board, whose wheat policy has been assailed in many quarters, will not withdraw from domestic or world markets, but will limit its domestic sales of govern ment- owned wheat to 5,0OO,OO0 bushels a month during the year be- ginning to-day.
 This modification of policy, an nounced last night, by the board was a response to President Hoov- CTS suggestion of last Saturday that the board clarify it's position. It represented some deviations from the principles the board hitherto has followed. But it carried a refusal to accede to the wishes of the grain trade and others, including Vice President Curtis, who wanted the boards surplus held completely off the market while the 1881 crop is being sold.
 Chairman James Clifton Stone, who owns a big farm and small racing stable down in Kentucky, said in explanation of the statement that the board had not yielded to poli- tical pressure from the White House or elsewhere. The statement was is sued at 9 D. m. after numerous con- ferences and consultations, including visit by Chairman Stone to the White House.
 ''The board is convinced" the statement said, that this method will establish a free market, which any fixed price would interfere with, and will distinctly improve the situ ation by the knowledge that the present holdings will slowly be dis posed of and thus systematically clearing up. the position for the fu- ture."
 Proposals that the board hold it's wheat for a definite price would not be in the interest of the farmers, the board held.
 ''If a high price were fixed" it said, then the stabilization holdings would never be disposed of and would continue to overland the fu- ture of American agriculture"
 The board renewed it's oft-repeat- ed pleas for acreage reduction, say ing that "without such reductions there is little hope of any long term, continued profitable wheat production in the United States in competition with new wheat coun- tries abroad"
 The board reviewed it's March 23 statement in which it said surplus stocks of government wheat, estim- ated now to be in excess of 200,OOO, 900 bushels, twill be handled in such way as to impose the min imum of burden upon domestic and world prices"
 "A review of the domestic situa- ton shows an increase in the sur plus," the new statement continued, '"The domestic overproduction of wheat, therefore, continues.
 The board wishes to urge that the only final solution of the wheat grow CTS difficulty is a sharp reduction in the forthcoming plantings. The situ- ation to-day would have been clear and prices at much higher levels had the recommendation of a year ago been more generally followed"
 The world market for wheat shows improved prospects for next year, the board stated. "This, to- gether with the more favorable in- ternational situation that will be created by the presidents best plan, gives hope of a generally more favorable export market for farm products during the forthcoming year, the board commented.