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Board Troubles. Cheerless last week was the Federal Farm Board's first birthday. During the year Chicago wheat had tumbled from $1.20 per bu to 86¢. The Board had sunk $75,000,000 in the purchase of 60,000,000 bu. of 1929 wheat on which it stood to lose $35,000,000. Farm prices were at their lowest level in eight years...
...With wheat prices declining President Hoover was last week requested by Senators Capper and Allen of Kansas, candidates for re-election in November, to instruct the Federal Farm Board to purchase 100,000,000 bu. more wheat to "stabilize the market...
Last week it was 110° in the wheat fields of Kansas and Iowa. Politically it was even hotter as wheat prices slumped to the lowest level in 17 years, 60¢ per bu. locally, 86¢ at Chicago. To escape a brassy sun harvesters worked by moonlight. By day, horses heaved and died by the score. The grain turned white, the ground cracked open. But the threat of a burned crop and reduced production was not sufficient to revive wilting prices...
Flaxseed (bu...
...Oats (bu...