PRICE OF WHEAT
ABOLITION OF CHICAGO BOARD OF TRADE ADVOCATED (Australian rnd N.Z. Cable Association.) (Received June 22, 1 p.m.) CHICAGO, June 21. Mr J. Cough, president, of the Texas Wheat orowers' Association, addressed the American Institute of Co-operation. He demanded the abolition of the Chicago Board of Trade. He said it was the height of folly to talk about farm relief and not eliminate the cause. The Chicago Board of Trade dominated the Exchange and had absolute power to fix the price of every bushel of wheat. The five men on that board determined what the farmer got for his grain. They were nameless under the law ami were known by numbers only. Farming would never be profitable until there was a change in ihe system and the farmer could control 'the flow, the price and distribution of his products the same as other industries did.
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Bibliographic details
Poverty Bay Herald, Volume LIII, Issue 16373, 22 June 1927, Page 8
Word Count
147PRICE OF WHEAT Poverty Bay Herald, Volume LIII, Issue 16373, 22 June 1927, Page 8
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