WHEAT CONTROL

Hokitika Guardian, 3 April 1929, Page 6

WHEAT CONTROL

(United Press Association.—By Electric Tcicgrapi..—Copyr.-ghL )

(Received this d°«- •’ " a.m.) WASHINGTON, April 2

Professor J. W. J’rinton, of the University of Nebraska. offered tlio Senate Agriculture Committee a plan for control of the world’s wheat and a price under the pending McXawy Co-operative Marketing Hill. Hrinton urged that American co-operative organisations he empowered to form an alliance with tlio Canadian wheat pools and that together controlling sixty per cent of. the world’s production, they could stabilise the world wheat price. The economist asserted that the proposed three hundred million dollars revolving fund to finance tlio co-operative organisations could be strengthened by empowering them to borrow money from intermediate credit: banks, which have six hundred and sixty millions available for that purpose aiid by commercial' loans at the usual eight per cent rate of interest at the same time. Doctor .1. L. Colter (President of North Dakota State Agricultural College) told the House Committee that the problem causing distress among American farmers was not the domestic sui plus, but the foreign surplus. If IOA RING POSTPONKIX WASHTNOTON. April 2. A message from New Orleans states the second postponement of the preliminary hearing of the charge ol conspiracy against the “Imalone crew was ordered to-day by the United States Commissioner. Carter, after conferring with tTie United States Attorney, Talbot. An additional week’s postponement was made just bef< re the crew were to h t . examined to-dav.