WHEAT STATES AROUSED

Taranaki Daily News, 17 July 1930, Page 11

WHEAT STATES AROUSED

FARM BOARD'S PROPOSAL

STABILISATION DOUBTED

AMERICA FEARS TARIFFS

By Telegraph—Pr«e A»sn.— Copyright

Rec. 7 p.m. Washington, July 15. Senator McNary asserted to-day that the equalisation fee principle promises to be the chief issue at the coming campaigns in the wheat belt States. It is stated that the clamour is getting, stronger as the result of the visit of Messrs. Hyde and Legge, who have been advocating reduction of the acreage in the wheat States. Mr. Hyde to-day admitted that the West was thoroughly aroused and dissatisfied with the present farm relief laws. He reported to Mr. Hoover that the Farm Board’s proposal for reduction had received little encouragement, and he stated that he had discovered strong sentiment favouring the equalisation fee. “However,” he stated, ‘it would not work because of the tariff rates. Germany has a 97 per cent, wheat tariff, France a higher duty, and England is working to promote trade within the Empire.” Mr. Hyde said he approves of the board's policy of not buying,, but it may have to change its programme to meet the great emergency now. existing. He said that further stabilisation operations “cannot be used as a permanent remedy to relieve farm surpluses because the surpluses would overwhelm us finally.” American Bakers’ Association at Chicago has opened a nation-wide campaign to increase the domestic ■ consumption of wheat by 100,900,000 bushels a year as farm re-, lief.

Wheat at Chicago is quoted as follows:— July 88 3-8 cents, September 92, December 97 7-8, March . 1024.