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delivery during the same period. Other contracts are expected to be 

 let shortly. Some of these bins will be used for storage of wheat 

 owned by the CCC, but it is expected that a greater niimber will be sold 

 to farmers. Producers desiring to purchase any of the storage bins 

 should make application immediately to their county AAA committees. 



Corn . Prices of corn have held fairly steady this week, not 

 repeating the break of last week nor reaching much above last week's 

 high. The future of corn prices is also tied up with possible legisla- 

 tion. If Congress is able to pass a law requiring 100 per cent of 

 parity loans, that would strengthen corn prices. Congress is also 

 attempting to prevent the government from selling wheat for feed at a 

 price below parity for corn. This would also tend to raise the price 

 of corn, although from a long-time point of view, it would be bearish 

 on wheat prices. 



The hog-corn ratio this week is I6.7 at Chicago. This means 

 that corn prices could rise substantially without making feeding un- 

 profitable at present levels of livestock prices. However, the admin- 

 istration is making a strong effort to keep down the price of feedstuffs. 

 With an administration that has been as much pro-farmer as the present 

 administration, it would be unfair to Jump to the conclusion that 

 government officials have made an "about-face" and are now trying to 

 prevent the farmer from receiving parity prices. In my opinion, what 

 the administration is trying to do is to prevent any legitimate reason 

 for raising price ceilings on consumer goods, particularly cost-of- 

 living items. To illustrate this point, during the past ten days it 

 was discovered that the relationship between wholesale and retail 

 prices of lard was out of line. Rather than raise the price ceiling, 

 the government lowered the wholesale price of lard. In connection with 



