Show GRAIN CORPORATION SUBSTITUTE SOUGHT Head of Federal Board Asks Representatives of All Aill Branches to Confer Washington Washington May ray J Cabinet officers off oCt 1 cers member of Congress Cong and the In Interstate In- In commerce commission and i ir r railroad officials have o been Invited In by I Julius lUllUs H. H Barnes head o ot of tho the United d States Grain corporation to confer with him bore Jere May 19 to discuss plans for meeting tho the situation resulting from tho the Intended Intend d termination of the tho grain corporation on Juno 1 Tho The ai approaching termination of ot tho the year three-year stabilizing influence of ot the tho grain corporation requires most earnest ear car nest consideration said Mr r Barnes Barncs Americas grain market marke from the machinery and nd its large Jarge credit needs formerly depended on the s security af afforded at- at forded by hedging transactions In tho the thor r great reat grain c markets the tho wh wheat a al director director tor Continued These hedging markets markets markets mar mar- will wilt not be reinstated because of I present hazards Tho The disorganization of Europe forces the purchase of or their bread supplies by government Jo officials dais Instead of ot through private merchants merchants mer mer- chants whose whoso thousands of or differing opinions Introduced a measure of cushion cushioning In against ag violent price flue flue- A conference May I 7 1 of ot 9 of wheat handling and I manufacturing trades bankers and producers discussed this situation menacing menacing- not alone atone the grain handling handling hand hand- I ling but tho the credit structure of ot the country and the resulting possible agricultural demoralization I T 1 cannot face taco termination of ot my office of wheat director without bringing bringing bring bring- ing these conditions to the attention of those who ma may devise steps for tor their correction These differences center ab Ut inadequate transportation and disturbed credits resulting In widening trace tralle margins marc affecting producer producer producer pro pro- ducer and consumer r and suspending suspending sus sus- pending tho the producer market entirely from time to time Xo No overemphasis in m my Judgment ment can possibly bo ho laid on the tho needs of ot some corrective step |