Show DS UI u. S1 8 BORROWS S MARKET ARKET r FUND WASHINGTON Aug 30 UThe The A The surplus commodities corporation has bos ha arranged to borrow as a revolving fund for tor putting a 10 OO he b bushels of ot American wheat on tOe the th worm world market marxer Acting Secretary M. M L. L Wilson Wilon of the agriculture department announced announced an an- details of the export subsidy subsidy sub sub- sidy program late Monday He said the commodities corporation corporation corpora corpora- tion ton would purchase wheat and flour at domestic prices and resell reel them abroad at world rates using cu- cu cus- cus tonis tom oms receipts receipt to pay payoff off the loss los In resale ree The working fund will be borrowed from the Reconstruction Finance corporation Wilson asserted an export subsidy subsidy subsidy sub sub- sidy was wa necessary to hold a fair far share shae of ot the world trade for tor the United States because major exporting ex ex- porting nations naton are not cooperating In n a general program for meeting the he world wheat surplus problem The first purchases were made Saturday he said sad adding that tat the program would be limited to 10 bushels bushel This would approximate approximate mate mate only 18 per cent of the estimated estimated est est- esti esti- mated world wheat trade for this season The United States States' average share was wa 25 2 per cent from 1920 to 1929 Wilson said the te subsidy program would not lessen the need for re restricting restricting re- re next years year's years wheat planting to acres acre because the carryover of bushels on July 1 I 1939 was wa expected in spite of it I. I He said Mid the te supply of American wheat was wa estimated at bushels bushel for this th season seaon including a bushel carryover I |