Show WAR VAR AND WHEAT PRICES I Every war of fIrst magnitude is followed by a temporary I boom while depleted stocks are being restored according to a writer in the New York Sun lout after a few years there is a severe aI I panic with a decline in prices pIkes and in labor employment The war post boom in America ended in 1929 although the great collapse in wheat had come when the war tIme demands end end- ended ended ed the price dropping from 3 3 to less than 1 a bushel Ignoring the ObVIOUS cause cauce of this slump in price politicians blamed the existing existing- marketing system and demanded its punishment This agitation long continued has dIscouraged speculative support of the market For nearly a year leaders of the grain trade have repeatedly warned that excessive governmental tinker tinker- tinkering ing and threats of new and more drastic laws such as the called so-called CommodIty Exchange bIll offered at the last session of Congress would drIve out that speculatIve support so essentIal at crop move move- movement movement ment time Such warnings and authorities point out were wele unheeded wIth the result that the winter wheat crop recently harvested has found a market almost entirely de- de devoid devoid void of the usual valuable speculatIve support As was inevItable the farmer falmer has suffered as a consequence |