TOO MUCH WHEAT

Hokitika Guardian, 17 July 1930, Page 6

TOO MUCH WHEAT

AMERICA QUANDARY

United Press Association.—by Electric ti; j Telegraph.—Copyright.]

WASHINGTON, July 15

Senator McNary asserted to-day that - the equalisation fee ' principle promises campaigns in the wheat belt stdtes. it is stated that the Clamour is getting stronger as tlie result of the visit of Messrs Hyde and Legge, who have been advocating a reduction of the acreage in the wheat...statgs.,.^, Mr Hyde to-day admitted that West was thoroughly aroused, and was dissatisfied with the present farm relief laws.-- , . ... ■ ■

He haj’.. reported .. t 0.... President hoover, ’that the ; . : p'ar,m Boardhs pro*; posal for a reduction of acerage lias received:little encouragement/ and stated i tliati-, he i had /discovered that' there, is a strong sentiment favouring an equalisation fee. .‘.However he stated :< “It would not work because of a tariff rates: Germany has a 97 cent, j wheat tariff; ' France has a higher duty, and England is Working to promote trade within the Empire.” Mr Hyde said that lie approves of the Board’s policy of not buying, hut it might have to change its programme to meet the great emergency now existing. He said further and stabilisation operations cannot be used as a permanent remedy to relieve farm surpluses because surpluses would overwhelm us finally.” BAKERS’ NEW SLOGAN. \ CHICAGO, July 15. The American Bakers’ Association has opened a National Campaign to increase the domestic consumption «>-of wheat by one hundred million bushels per year, as a (means of farm relief;'.