New York. Feb. 14.
RICE adjustment payment rat for the 1939 Crop Programme have been fixed, according to an announcement made today by the Agricultural Adjustment Administration, New adjusted payments have been allocated as follows Cotton at 1.6 cents ver Ib., corn at G cents per bush el, wheat at 11 cents bushel and rice at 12 cents per cwt. to be paid on the normal yield of the allotted acreage. In odditier ce-operating farmers will also receive soil conservation payments as announced last Autumn, Both payments together will I aggregate, for cotton, 3,6 cents pel 1b., corn 15 cents per bushel, wheat 28 cents per bushel and rice 22 cents per cwt.
No price a \djustment payments will be made for tobacco, si wee the 1938 average farm price of this product has been above 75 per cent. of parity, Adler finally having reached agreement with Senator John Bankhead (Democrat. Alabama). Bill with the twin goals of liquidating, oan cotton, and preventing new crop. colton in future' entering. into the Government loan, was introduced in the Senate today by Senator Ellison 1D. Smith (Democrat, South Carolina).
Only those sections which permit growers to reclaim loan cotton in return for further acreage curiallment, provide subsidy payments and estab-Tish a "floor" "of National allotment Jat, 11,000,000 bales. are to be effective this Other provisions, effective on July 1, 1940, would permit growers to repossess loan cotton at less than the market price and sell it in the oper /market. and also allow 1,600,000 bales Jof 1934 loan cotton to be given to the Works Progress Administration.
Text read from the printed page and cleaned; old type leaves the occasional error.