WHEAT AND COTTON
AMERICAN FARM BOARD OPERATIONS LOSSES FOR YEAR Press Association—By Telegraph—Copyright, WASHINGTON, August 19. (Received August 20, at 10 a.m.) It is estimated that the Farm Board stabilisation operations for wheat and cotton show a net loss of nearly 150,OOO.OOOdoI, representing about 30 per cent, of the 500,000,00Ud0l which Congress voted the board Exclusive of storage charges, it is estimated that the cot ton losses have been 6(),025,G0Ud01 1 as last fall the Cotton Stabilisation Corporation held 1,300.000 bales, then selling at ten cents per lb, whereas it is now selling at about 6J cents. Wheat purchases began in the spring of 1930. The board’s holdings are 275,000,000 bushels, and estimating a 25 cents per bushel depreciation tho wheat losses reach G5,750,000d01.
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Bibliographic details
Evening Star, Issue 20876, 20 August 1931, Page 9
Word Count
124WHEAT AND COTTON Evening Star, Issue 20876, 20 August 1931, Page 9
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