National Affairs: Hoover on Shorts
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President Hoover was disappointed that the success of his debt holiday plan had not done more to stimulate stock prices as a sign of public confidence. If he hoped his wheat statement would up prices, he was doubly disappointed for the next day wheat sold off ½¢ per bu. at 52 ½¢. To his Rapidan camp the President took Vice President Curtis who made him feel unhappy by assuring him that the Kansas wheat farmers, getting 30¢ for their biggest crop in years, were in a bitter anti-Republican mood.
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