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...with the other price-upping provisions of the law. His first step called for a series of Washington conferences with the producers and processors of each basic commodity to shape up an operating program on marketing agreements. If most millers consent to buy wheat from growers at $1 per bu., Secretary Wallace can suspend the anti-trust law to sanction such a bargain. If a minority group of millers refuse to join the agreement and try to beat wheat down to 80?, Secretary Wallace can, under the law. coerce them into line by suspending their Federal licenses as processors...
...total U. S. wheat crop (allowing for 21,000,000 acres of newly planted spring wheat having the average yield of 12.75 bushels) of 605,000,000 bu. compared to 726,000,000 last year...
...total U. S. wheat crop which (allowing for a normal consumption of five bushels per capita) will fall about 45,000,000 bu. short of the U. S. annual consumption. But the incredible spectacle of the U. S. importing wheat was not in prospect because...
...huge U. S. wheat carry over from previous crops, amounting to well over 300,000,000 bu., soon likely to be considerably reduced...
...nothing so much as a child playing with dynamite. He is trying to make prices go up. He may succeed. The trouble is that in doing so he may destroy the country and himself as well. . . . How would the farmer benefit if wheat sold for $10 per bu. if the $10 wouldn't buy a pair of overalls or a gallon of gasoline...