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Show oo WOULD REPEAL I GUARANTEE ON WHEAT PRIUE WASHINGTON. August 8 Repeal of the government price guarantee for 'wheat to enable farmers to secure higher prices was urged at a specie1 meeting today of the senate agriculture agricul-ture committee Action by the com-Imlttee com-Imlttee was deferred. "That is exactly what the farmers ! are praying for," said he. Senator Norris, Chairman Gronna jand other committee members said the I wheat price guarantee law has not i been cirrlcd out. The $2 26 guarantee. they said, was intended by congress to be the minimum price with a higher price possible undr the law of supply and demand. Instead, they asserted, the United States grain corporation had made the minimum guarantee the maximum price for the farmer. Mr. Atkeson told the committee that ' the farmer would receive an average j of only $1.50 a bushel for wheat this year. He and Senator Gronna declared that had the government not fixed the price farmers would have received much more than the government guarantee guar-antee because of the prospective wheat shortage and world demand. nr. |