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.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19300717.2.62
Bibliographic details
Taranaki Daily News, 17 July 1930, Page 11
Word Count
253WHEAT STATES AROUSED Taranaki Daily News, 17 July 1930, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.