GC: You will have before you the bodies and enquiring minds
of Mr. [
270] and Mr. [
953], of ..., Chicago, Ill., and the
information as given for these bodies on July 21, 1927, and
at that time you mentioned the unusual conditions respecting
this country and the shortage of food crops. You will now
tell us more about these conditions as referred to, giving
specific data where possible and state what grains will have
a short crop this year, manifestation of which will be
apparent by harvest time and before replanting season.
You will answer the questions which I will ask you.
EC: We have the information as given respecting conditions
relative to the shortage of grain in this country. This, as
we see, is especially those two in which there will be seen
the shortage - though there will be the various reports that
would indicate such was not the condition - they will vary
from time to time. Wheat and oats, BOTH, will show by the
actual conditions - being a shortage of several million
bushels in this country, as well as in the other various
wheat producing areas - Russia and Argentine, specifically,
and a portion of the western country in this country, and
an abundance in the Canadian, with destruction to a greater
portion of the crop at and near harvest time in various
sections.
These will have their effect, then, upon the commodities as
they are seen in the various stages of the production as
necessary for maintenance of that of the surplus supply
for the use in the various districts and countries.
Ready for questions.
(Q) Should the 15 acre tract in Block 19, Section 68,
Crockett County, Texas, be acquired now at the present price
or would it be better to wait developments on the east side
of the Pecos River before acquiring additional holdings?
[See
953-27, Par. 8-A on
7/21/27] [See
270-16, Par. 6-A on
4/05/28.]
(A) Wait for development.
(Q) What will cause this shortage in grain crops?
(A) Various destructive agencies, and the various conditions
locally existing in these various wheat and oat producing
areas - weather and the various contingencies as arise from
the harvest of same. Short crops, fly, and other various
conditions.
BACKGROUND
See
953-27 on
7/21/27.
REPORTS
10/19/27 He obtained a Ck. Physical - See
953-29.



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