BLESSING IN DISGUISE
DROUGHT MAY BALANCE WHEAT OVERSUPPLY RELIEF OF DISTRESS Red. 10.50 a.m. WASHINGTON, Tues. President Hoover announced today that no stone would be left unturned by the Government in its efforts to assist the distress caused by the unprecedented drought in the wide area east of the Mississippi and in the middle-west. A survey is to be made. A message from Kansas City says the Secretary of the Department of Agriculture, Mr. Arthur Hyde, addressing the Mid-west Retail Merchants’ Association, expressed the belief that the disposal of the large wheat carry-over might be speeded by the drought damage to corn. He said recent estifiiates placed the corn loss at 200,000,000 bushels and indicated, that his department believed the loss might approach 500,000,000 bushels. This would offset the oversupply of wheat, and achieve a rough balance. He added that his department was stressing the value of wheat as a stock ration.
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Sun (Auckland), Volume IV, Issue 1043, 6 August 1930, Page 9
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152BLESSING IN DISGUISE Sun (Auckland), Volume IV, Issue 1043, 6 August 1930, Page 9
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