| Show III N SID E EI I 1 STUFF I Politics andt and Finance t I McClur Newspaper Syndicate WASHINGTON By Paul Paull lallon Mallon I important fur will start s 's Some Sofe very the farm board boardW t to fir fl shortly around W uries fe a bad inside row is settled down there are getting to ta independent for foE the White House lad ind the R. R F. F C. C They appear to be lOor interested in the fair tair name of their buffeted board than in hauling out of the economic fire for forthe the administration tIon It It ill all centers around the board pol pol- r iii Iii of marketing its surplus wheat wheatland P arid cotton stores They want to sell land so they othey can make as good a financial howing of the boards board's activities as Another moguls of the I rI r want to shoot up com corn market prices as far tar as they ba taa The Hie board has lost all previous previous previous' rounds In this fight But it has blood In its eye ee this time p bat is the inside situation behind the peculiar trend of cotton events The board announced it would sell R. R RF T. T C C. Director Jones Jones Jones-a a Democrat announced a cotton loan loani to i the farm board with the understanding under under- standing that it would not sell The Thel board denied it had taken any such l iku Joan oa The iThe truth Is that the board asked for lor the loan The R R. F. F C. C gave it with the string attached board did not like it and threat threat- ed to boil over A A powerful spokesman for the ad ad- says sas the farm board will willye ire ye in even if iC some resignations arede arc are de necessary The administration i j determined to protect the comI comity com com- lve I ity market price increases at all ibl ible costs casts r 0 Word has been spread around on th the Inside diU that t f ta a drive to push up wheat t and aria cotton prices will start in hi two we weeks ks The minimum goal is I 14 ent cotton colt and cent 65 wheat by cl election day The first objective seems oems a logical l possibility The second second sec sec- see sec ond cud will wm be more difficult European and South American wheat news is threatening to crab the act t tt R S pA figure to watch on business recovery recovery re re- re- re covery is the treasury estimate of money in circulation Governor Meyer of oC the federal re rc- gets this every day He telephones telephones tele tele- phones hones for lor it long distance from all aU parts pub of oC the country When on on his yacht acht it ills is radioed to him The Jt public gets it once a week In the the federal federal reserve statement It has drown hown a decline in hoarding the past two weeks Inner indications are arc that it will continue to do so K I e K Improvement ement in c commodity prices IMS as recently been so strong the gayE gay gov- R E Continued on Paw Pare T To o t a INSIDE STUFF Politics Finance Continued from froni Pa Paso o One experts confidentially are arc expecting a small reaction The average jumped 24 per cent last ast week That Thalis is up 7 per cent since the he low of ol May 28 The government will vill shortly announce figures showIng showing show- show Ing tag since that date cotton is up 64 per cr cent eggs 27 per cent sugar 22 per er cent coffee 21 per cen cent hides 75 per er cent silk 62 per cent cement 18 per jer cent Wheat is 15 per cent lower Copper Topper is also slightly lower The whole average last week was 9 8 per cent last years year's average being beng be be- ing ng and the previous years year's That ought to stimulate confidence in n anyone who who feeds feds on n statistics I i I i I i Eugene Meyer Meyr governor of federal reserve is the man who will stop the farm arm board He did it once before belore be- be lore fore ore when the board wanted to sell i He is more anxious now than ever vcr because the board might wreck his ils Commodity Finance corporation Idea dea idea The Thc Dill and Wheeler connections connections con con- yes and Huey Hucy Longs Long's with the he Roosevelt candidacy appear to have lave been submerged in the east cast since ince the convention Little is heard leard from any of ot them Good confidential reports from Ohio indi indi- cate ate odds out there strongly favor Roosevelt loosevelt and Ing Ingalls Respite pite what you read in polls In Illinois the they hey say chances favor Roosevelt and Small NEW YORK TORE TOREBy By James l The American legion Portland convention convention convention con con- will vill bring a showdown on Mark McKees McKee's strength in the organ organ- McKee has been the power behind the throne for quite a while Some of the boys suspect he Is not riot so i hot for cash payment of the bonus Donus as s they would Jik like McKee men will probably try to make repeal the primary primary mary nary issue before the convention They are not expected here to get getaway getaway getway away way with it No one hereabouts envies Pat Hurey Hur Hur- Icy ley ey his job of speechmaking before the tie legionnaires The bonus and the B. B J. J E. E F. F are obviously fiery subjects It t looks as though Hurley will be on ontie the tie he spot unless the rumor that he will wilt trade rade a 3 promise of signature for the cash ash bonus against on n the B. B E E. F F. issue proves pr-oves accurate II a aa The various organ organ- are busy talking merger Preliminary talks among Jouett shouse Mrs Sabin and representatives tives ives of the crusaders give promise of success Mark McKee is also actively actively actively ac ac- ac- ac Interested on behalf of the le le- le- le gion I 0 a aThe The dope here hete is that Trubee Davion Davison Davi Davi- son on was made the sacrificial goat at athe atthe atthe the he New York state legion convention conven- conven ion tion n. n The administration wanted to find ind out how hovi serious the legion was about the B. B E. E F. F It found out plenty Davison's willingness to play the ungrateful ungrateful un un- un grateful role will not hurt his chances i of becoming governor so far faras as administration administration ad ad- I ministration support is concerned a I Sellers in the textile field will not I guarantee prices beyond thirty days in any case not case not at all in others The speculative clement element is in the saddle arid and nd is hoisting pric prices prices creating s- s creating some jobs an and thereby ln increasing rc sing public purchasing power to an indeterminable ble extent a 4 a Important money is getting into some of the speculative commodity markets Quite a bit of cotton was picked up In advance of Jesse Jones' Jones message on behalf of f the R. R F F. F C C. to toome come ome and get There are arc grounds rounds for expecting new activity in i wheat before long 4 |
