After dawdling for four weeks, commodity prices turned and headed upward last week. The change in direction was largely due to the deliberate maneuvering of Secretary of Agriculture Clinton P. Anderson, who, especially in an election year, is against falling prices when they strike at the farmer's hoard.
The Government, which has been out of the market since last month's sharp break, was stepping back in, busy Mr. Anderson announced one afternoon last week. The Government, he said, was going into the market to buy 326,500 long tons of flour (equal to 9,300,000 bushels of wheat) for April export. Ordinarily, the...
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