CONTROL OF PRICES.
DENOUNCED IN UNITED STATES. UjUived Press Association—By Blectrlc Telegraph—Copyright CHICAGO, April 8. President James C. Murray, of the Chicago Board of Trade, declared today that the stabilisation programme of the Farm Board had failed completely in the attempt to maintain the market on any satisfactory level. Addressing the Chicago Association of Commerce, he said the Farm Board's operations had resulted in accumulations which were a menace to the coming crops. The passage of the Agricultural Marketing Act, intended to benefit the farmer, had admittedly failed in its purpose, although ably managed by honest men. The operation of the Act again demonstrated the futility of interference with the normal action and reaction of supply and demand.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19310410.2.87
Bibliographic details
Timaru Herald, Volume CXXXIV, Issue 18848, 10 April 1931, Page 11
Word Count
118CONTROL OF PRICES. Timaru Herald, Volume CXXXIV, Issue 18848, 10 April 1931, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. 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.
Log in