Nothing seemed able last week to stimulate the U. S. wheat market out of its most serious slough since 1921. Like a sick giant, it lay in the pit, neglected, inert, gasping to keep above the $1-per-bushel mark. Railroads east and west had cut wheat and flour export freight rates to help move the largest surplus in ten years (TIME, May 13). Hard-headed railroad executives were skeptical of the assistance they were giving. They saw that foreign demand must exist to move export wheat, and that no such demand existed. The fact remained...
To continue reading:
or
Log-In
