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Show TOO MUCH WHEAT AND COTTON ' The; United States has on hand a surplus of 100 million mil-lion bushels of wheat, and Secretary of Agriculture ' .Wallace has been negotiating with Canada," as well as i collaborating with. Secretary Hull concerning, "what's j to be done about it." The Canadian trade treaty stands ; in the way of our agricultural plan to subsidize a wheat ! export program to get rid of the country's towering sur- plus of wheat. Canada is already carrying out a dumping dump-ing program in which it guarantees its farmers 80 cents ; a bushel on the 1938 crop. Secretary Wallace is seeking cooperation with Canada in this matter, in order, he : says, to preserve the interests of both countries. The Department of Agriculture has a terrific problem prob-lem on hand, and it is moving heaven and earth to sustain sus-tain the program for an Ever-Normal Granary. Cotton is also involved in our national difficulties since the market price has dropped below 8.25 cents a pound set in the farm act, which makes cotton loans by ,the Government mandatory. Presumably;, wheat and cotton loans will be about 50 per cent of parity. The Government already has about 7 million bales of loan cotton on its hands. ".,., : |