Show Hyde OpPoses Oppose J. J Purchase of New Wheat by Farm Board Action Would Only Dam Flood of f Grain He Declares By CECIL OWEN United Press Staff Correspondent Copyright 1 1930 10 30 by United Press w WASHINGTON N July 17 17 Pur Pur Purchase chase chae of now new wheat by the federal farm board as urged by western senators would merely dam up the of grain without permanent benefit Secretary of Agriculture Hyde told the United Press Pres in an interview today Ho doubted doubt cd whether such auch action would be within the law Hyde also said the debenture and ancl equalization Leo fco plans which some farm senators now want ant to revive would not remedy Iy tho the situation Neither would an an cat more bread campaign campat n help much he lie said In fact Hyde after a trip through tho the wheat belt saw aw no relief except for r farmers to ral raise e less wheat and to organize more Intensively for better marketing Hyde Hyde- said he knew of nothing tho the farm Carm board could do do doto to help the farmers that was not already alread beIng being being be be- ing done might To buy more wheat now nov temporarily raise ralso prices Hyde said but the thc knowledge that tho the board was holding those millions of ot bush- bush Continued on pa page e 5 5 HYDE OPPOSED TO WHEAT PURCHASE BY FARM BOARD Continued from Crom page 1 els ela would have o a a. permanent de depressing de- de pressing effect on the market NOT WITHIN LAW There Is some question all als also o whether r a stabilization operation now flOY would be strictly within th the law lawas lawas lawas as the board boud was forbidden by congress congress con con- gress to do anything that might let lead 1 to Increased I production or that was waN not a a. reasonable operation with pro prospects of oC permanent benefit to toa a agriculture I tu re Hyde said th e or the equalization fee which would en encourage encourage en- en coura courage e export of or United States wheat would be useless because foreign nations nation'S now have ha antidumping antidumping anti antl- dumping statutes to prevent tho the wholesale disposal of ot American farm Carm 1 products ro there Even If It we grant Irant that the debenture debenture debenture deben deben- ture might have done some good 00 1 said ald Hyde It would certainly be he of oC no avail a when Corel foreign n tariff laws have been developed to prevent the sale of American surplus In wholesale wholesale wholesale whole whole- sale quantities such sueh as would de depress depross tie tie- press pross prices abroad Consumption of ot staple food products products prod prod- ml might ht be bo Increased ed somewhat Hyde Hydo said but he declared 1 the prospects prospects prospects pros pros- of ot Increasing consumption sufficiently to absorb farm Carm supplies were very ery slim EAT LESS TODAY It Is true the secretary said bald that we C eat less toda today than ever before For one thing we exercise less les than we did a decade ago men work at machines all day doing routine rou rou- tine Une tasks that do not arouse their appetites we ride Instead of oC walk walk- In Ing P Per r capita consumption of or wheat has decreased by 1 12 bushels in the tho past thirty years ears or an tn aggregate ag aJ- ag- ag regate of bushels for forthe forthe forthe the nation In Tn a crop having a surPlus surplus sur sur- plus of only bushels this Is of or v vast st Importance absorbing absorbing absorb absorb- However Howe consumers are ing in- about all the they can reasonably take In view of oC their theIr- present mode of or living hiving and price reductions wilnot will wil not Increase consumption much If an any A man can cat eat only so 80 much nn and 1 with no prospects of oC a sudden increase of oC population th the farmer must adjust himself to the tho present consumer capacity Hyde said he 10 was well wen pleased with the reception he and Chairman Le Leggo Legge go of oc the farm board received on their recent western tour and expressed cx- cx pressed the view farmers are sympathetic sympathetic mpa to their acreage reduction plea Results from the new campaign will not be apparent however until plou ln time next fall tall he added PRAISES BOARD Work York on tho the farm board was W highly by Hyde who said its organization or of farm cooperatives cooperatives cooperatives tives had Imd Infinite possibilities Comparing Com Corn paring paring- this development to the pioneer plo plo- acer neer work III n organizing American labor Hyde said Who could have predicted then the results American labor has achieved ed by bJ organization Z ZA A As a a. result of oC the tho farm boards board's work Hyde said tho the American price level has been brought nearer to tho the Liverpool LI or world price for Cor wheat The spread which was normal normally nor nor- mal mally mahly cents had been reduced to 5 cents he explained Few Fe persons realize tho the Important Import Import- ant part played by tho the farm board In stabilizing crop prices after the stock market break last fall taU Hyde added Stocks fell tell 48 per cent but bu cotton and wheat only per pcr cent and 20 lC per cent respectively as a a. result of oC the farm boards board's an announcement an- an of ot its Hs loan program a at that time On the whole Hyde declared 1 farmers are sympathetic with the work of or the board and are inclined to allow it time to work out Its ram pros am |