COMMITTEE ON AGRICULTURE AND FORESTRY
CHARLES L. MCNARY, Oregon, Chairman

GEORGE W. NORRIS, Nebraska.
ARTHUR CAPPER, Kansas.
PETER NORBECK, South Dakota.
LYNN J. FRAZIER, North Dakota.
ARTHUR R. GOULD, Maine.
JOHN THOMAS, Idaho.

H. D. HATFIELD, West Virginia.
JOHN G. TOWNSEND, JR., Delaware.
FREDERIC C. WALCOTT, Connecticut.

ELLISON D. SMITH, South Carolina.
JOSEPH E. RANSDELL, Louisiana.
JOHN B. KENDRICK, Wyoming.

J. THOMAS HEFLIN, Alabama.
THADDEUS H. CARAWAY, Arkansas.
BURTON K. WHEELER, Montana.
ELMER THOMAS, Oklahoma.

HENRIK SHIPSTEAD, Minnesota
HELEN K. KIEFER, Clerk

II

CONTENTS

Statement of-

Hon. Arthur Capper, a Senator from the State of Kansas.

J. W. T. Duvel, in charge of Grain Futures Administration, Depart-

ment of Agriculture, Washington, D. C-----

C. B. Rader, Secretary Merchants Exchange, St. Louis, Mo---.

Frank A. Theis, president Kansas City Board of Trade, Kansas City,

Mo__

Page

99

32, 47

Ed. A. O'Neal, president Alabama Farm Bureau and vice president

American Farm Bureau Federation___.

18

72

72

John Vesecky, president the Southwest Cooperative Wheat Growers'

Association, Kansas City, Mo_.

81

Philip B. Weld, president New York Cotton Exchange__

17

III