Every family in the U. S. last week owned a bushel of wheat. Nobody wanted it. Anyone would have preferred to have the money to pay his income tax. This unwelcome possession came about through the entry of the U. S. Government, disguised as the Federal Farm Board, into the wheat pit where it traded in grain like any common speculator. When it closed its week's transactions it was some 25 million bushels long. Because of low prices, its holdings—theoretically the property of all U. S. taxpayers—represented a poor bargain.
Dollar wheat stalked back...
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