HUSBANDRY: End of Stabilization

As the gong closed May trading in U. S. grain pits last week the Federal Farm Board, as it had promised to do, ceased stabilizing wheat prices. Board officials declined to reveal precisely how much wheat the U. S. had bought in the open market or how many U. S. dollars had been lost in price-pegging operations. Grain experts estimated, however, that the Board owned more than 200,000.000 bu. (exclusive of the 35.000.000 bu. sold abroad this spring) with a book loss of $90,000.000. Still undetermined was what the Board would do with...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!