New Orleans, La., Jan 26, 1927. In his first address after being elected president of the Rice Export Corporation, a $1,000,000 concern recently organized by the leading bankers, canal men and rice farmers of the rice belt of Louisiana and Texas. A. Kaplan of Crowley said here today: One of the first aims of the organization is to make the south safe for the rice farmer. As a matter of fact, there is no surplus of rice produced this year. Talk of a surplus has had the effect of creating our unusual market condition, in which we see the price drop from $6 to $4 for fancy Blue Rose, and the faith of the trade destroyed to the point that while they are anxious for rice at $5.75 to $6. They are afraid of it at $4.
