A temporary drop in grain prices sympathetically with stock exchange prices usually happens but as the Department of Agriculture points out, the overriding fact in grain is that this year's world wheat harvest is estimated to be 500 million bushels less than that of last year, which will result in a very low carryover at the end of the harvest year.
Statement on the National Business and Economic Situation
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More from Herbert Hoover
It is estimated that altogether over 10 million individual depositors and borrowers have been benefited by the margins provided by the Reconstruction Finance Corporation to these banks.
No department shall erect a new station in the proximity of an existing government station, unless the same is incapable of rendering to such department the service that it requires.
Both of these committees to function in much the same way as the Interstate Commerce Commission now acts in passing upon loans to railroads.
I have informed Republican leaders that except for a few major addresses expounding policies of the administration I will not take part in the forthcoming campaign as my undivided attention must be given to the duties of my office.
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