Processing Taxes Likely to Be Revived as Result Washington, Feb. 14.
The new Farm Bill was passed by the Senate to-day and now awaits President Roosevelt's signature.
The bill is based on the existing Soil Conservation Act, which establishes drastic control over the production and marketing of cotton, wheat, maize, tobacco and rice.
As the cost involved is estimated to exceed the $500,000.000 available under the Soil Conservation Programme, the immediate result. it is believed, will be a drive towards the revival of the old Agricultural Ad-astment Administration processing taxes, particularly on wheat and cotton The bill fixes the normal supply and sales limit, respectively, for cotton at 18.200000 and 19,500,000 bales; for wheat at 910,000,000 and 945.000.000 bushels; for corn at 2,600,000.000 and 2.845.000,000 bushels; rice at 100,000 and 13,300,000 and for tobacco at 1.585.000,-
[000 a id 1.680,000,000 pounds, Penalty taxes have been fixed a two cents per pound for cotton: fit-teen cents per bushel for both wheat and corn; a quarter-cent per pound for rice; and three cents per pound for tobacco, The bill also authorize crop insurance for wheat in while an appropriation of a mill dollars is also included to de new (ses and markets for Reuter
Text read from the printed page and cleaned; old type leaves the occasional error.