SURPLUS WHEAT.

New Zealand Herald, Volume LXVII, Issue 20618, 17 July 1930, Page 11

SURPLUS WHEAT.

UNITED STATES PROBLEM. REMEDIAL MEASURES SOUGHT. (Received July 16, 5.5 p.m.) WASHINGTON. July 15. Mr. C. L. McXary, Republican member of the Senate for Oregon, asserted to-day that the equalisation fee principle promises to be tho chief issue in tho coming campaign in the wheat belt States. He said the clamour was growing stronger as a result of a visit by Messrs. A. M. Hyde, Secretary of Agriculture, and A. Legge, chairman of the Farm Relief Board, who had been advocating a reduction of the acreage in the wheat States. Mr. Hyde to-day admitted that the West is thoroughly aroused and dissatisfied with the present farm relief laws. He had reported to the President, Mr. Hoover, that the Farm Board's proposal for a reduction had received little encouragement and said lie had discovered a strong sentiment in favour of an equalisation fee. However, said Mr. Hyde, it would not work because of tho tariff rates. Germany had a high wheat tariff and France a higher duty still. England was working to promote trade in tho Empire. He approved the board's policy of not buying more wheat, but it might have to change its programme in order to meet the great emergency now existing. Stabilisation operations could not be used as a permanent remedy to relieve farm surpluses because tho surpluses would overwhelm them finally. A message from Chicago says the American Bakers' Association has opened a nation-wide campaign to increase the domestic consumption of wheat by 100,000,000 bushels a year as a farm relief measure.