Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 2 · column 1 of 6 · from the scan, no model involved
In recent months, the Joint Congressional Committee on Reduction of Nonessential Federal Expenditures, headed by Senator Marry F. Byrd of Virginia, has been compiling dramatic figures testifying to the amount of money we taxpayers have tied up in stockpiles. Stored farm commodities regularly top in dollar amount the nine stockpiling programs covered by the Committee reports.
East week, for example, the Committee made public its figures ''for the end of April. They showed that the Department of Agriculture had on hand $71/y JWlion worth of agricultural items ac(juired under price support progams. During the month, the Department reduced its cotton holdings by $36 million and its corn stocks by $15 million, but it gained $236 million in wheat. $% million worth of grain sorghums and $17 million in milk and butterfat. The overall result was that the embarrassment of agricultural riches was $317 million greater at the end of the month than at its beginning.
There is authority in law for the Department of Agriculture to exchange or barter surplus farm l>oducts fo strategic and critical materials which, when acquired, usually go into what is known as the supplementary stockpile. During April, the Department picked up. under this authority, some aluminum, beryl, cobalt, columbite, copper, manganese, mica, nickel and thorium, to a total value of $12 million.
We still had in storage at the end of the month, though, 1.2 bushels of wheat, 1.2 bushels of corn and more than 5.3 million bales of cotton.
57.1%