University of South Carolina Libraries
PRICE OF WHEAT FIXED AT $2.20 PER BUSHEL: President Says the Price Will be Rieridly Adhered to by the Food Administration, * 1 t ! Washington. Aug. ?0.?A price or $2.20 a bushel was fixed for the iyi7 j crop of wheat by Presdent Wilson to-1 3iight on the recommendation of the wheat price committee, heacei by Dr. i H. A. Garfield. The price, will be for! ^ number one northern spring wheai, P delivered at Chicago. r The committee finally agreed tocay' after several days of voting. At onej ^ time today it looked as if it would r unable to come to a conclusion^ just before 6 o'clock a compromlsa j was reached and the last vote was un-' animous i Reprsentatives of the producer De-j gan by voting for a price of 52.50 ana labor's representative for $1.48. The1 two extremes eventually narrowei j down until the votes were only a few j cents apart and most of today's vot-> ing showed only a slight diffenrec. j On the basis of $2.20 at Chicago, the j food administration worked out tonight differentials for the various I grades and classes and for the sever-] al terminals. The $2 price set by Congress for, 1918 wheat was taken into considers-j tion by the committee in considering a valuation for this year's crop. To Keep Prices Down In announcement price, . President > Wilson, stated it is hoped that the nxr ing of a .price will stabilize the marK- . et and keep prices within moderatt ^sounds." : - . The price of flour and bread, too. che President declared, v?iH be 'kept I dOWH. ' s ^ : I The committee in its report to ths President, gave as the three chief con- . siderations of itsi deliberations the fact that the United States Is at war, the need of encouragiiig the producer. and the necessity of reducingthe cost of living to he consumer. All the members agreed in their discussions that the pride fixed will permit of a fourtten-ounce loaf of hrea<t for 5 cents, allowing a fair profit both to the fiour manufacturer and the "baker. Price Differentials The price differentials "worked out fly the food administration tonlgM are: r numbers one. dark hard winter $2.24, T?asic $2.20; yellow hard winter, $2.16; j" / i 1 ______ We would 1 that are getting the parties are a > \ This car de1 I ever changing g the Oakland, wi will give you doi tires. This is I We give 12 you service, we are always v Call phone 1 L soft red winter, $2.18; dark northern spring. $2.24; red spring. $2.18; humpback. $2.10; amber drum. $2.24; drum back. $2 10; amber durum, $2.24; durwallas, $2.13; hard white basic. $2.20, soft white. $2.18; white club, $2.16; number two of each grade is 3 cent3 ij.ssj uuiiiutri" uut?;' o tcms itoa, ?ium ber four. 10 cents less i t Relative market basic; Chicago Galveston, New Orleans, basic; Kansas City and Omaha five cents less tlian basic; Duluth and Minneaipols, tliree cents less; St. Louis, two cents less; Xew York, ten cents more than basic; Paltimore and Philadrlphia. nine cents; more; BulTalo five cents more. The basis grades are numbers one hard winter, red winter and northers spring. I To Control Marker Although the -prices are fixed on1 government purchases only, the food administration, through its wheat cor-' poration recently organized, expects to control the market withv ' dim- j nnltv Tha rnrnnratirm will maKe all government and Allied purchases an3 has under consideration plans to dut j for millers. If it serves as broker/ between the terminal and flour milts the corporation will become purchaser i of virtually all of the country's wheat; crop. Members of the committee said to- j night they expected a great deal of criticism from the farming classes.' but that they felt .every farmer should willingly relinquish a part of h!? profits in the interest of th? common 1 good. . | $n its statement to the President! I committee recites the factors consld-j ered in ts discussion. Chief anions j them was the mounting coast of iiv- j lug. , , Mr. Rhett 111 '..The committee's work, ended wttli the fixing of a price. .One member, R. G. Rhett, of Charleston. S. C., wa* ill and did not attend the meetings. Besides Dr. Garfield, the chairman, i the other meihbers present included \ Charles J. Barrett, of Georgia, -presi-j dent of the Farmers' Union; Eugens Funk, of Illinois, president of tup. Corn Growers' Association; W. N. j Doak. of Roanoke, vice president or | the Brotherhood or Kaiiroad Train-i men; James W. Sullivan of Ne^j York, of the American Federation of j Labor, and Theodore N. tValle, pres-j ident of the American Telephone and ; Telegraph Company. The announcement was made at the i BBOBHHHBnBBBfln I \ 1 a 1 t _ l. _ L iKe to demonstrate t as high as 29 miles 1 nd we will let you a trelops 41 H. P., this Qo*?e wkon waii rniri? &nig if i&vu j vu vvaiav lere other cars in to' able the tire mileage unusually high tire i months guarantee c We have a bunch ol rilling to give the cu 172 or come in and ' 00 Main Street I i White House in the following statoin in by the President: President's Statement "Section II of the Food Act provi! es among other things, for the purchase and sale of wh-.at and flour o the government ana appropriates money [or the purpose. The purchase o! v.h: at and Hour for our allies, and to a considerable degree for neurra countries also, has been placed under i *>e control of the food administration I have appointed a committee to ae U-rmine a fair price to be paid in governmtnt purchases. The price now recommended by that committees'.20 per bushel at Chicago for tn: basic grade?will b* rigidly adhere! -to by the food administration. Hope for Cheaper Breau "It is the hope and expectation ol the food administration and my own also, that this step will at once stabilize and ke p within moderate bounaa the price of wheat for all transactions through the present crop years and ru fVio nrinoc nf flnn r a 11H \ AV/V/O Vi. "WWi bread also. Tht Food Act gives large powers for the control of storage ano exchange operations and these powers will be fully exercised. An inevitable consequence will be that financial dealings cannot follow their _ usual cours?. wtiatever tne advantages ana disadvantages of the ordinary machinery of trade, it cannot function weli under such disturbed and abnormal conditions as now exis*. In Other Hands yoy, "n its plans the food administration now fixes for its purchase t fair price as recommended unanimouslp by a committee representative of all interest and all sections, and Knliai-rt thot tViorohv if totTI ftlimt. * C bUUV l/UVl VI\SJ * v f f a * a nate speculation, make possible the conduct of every operation In the full light of day, maintain the' publicly stated price for all and, through economies made possible by stabilization and control, better the position of the consumers also. ''Mr. Hoover, at his express wsn, has taken no part in the deliberations of "the committee on recommendation to determine the government's fair price, nor has he in any way intimated an opinion regarding that price." Report of Co;umittee Tlip report of the committee addressed to 'the President follows: "The undersigned committee has been asked by you to recommend the price which the government should a Qf JIL* m ^ v''" r' $995.00, o you one of the mc to the gallon of gas. sk for yourself. figures 1 H. P. to e ; to a hill. Take wn that weigh over !. We have custo mileage. >n all parts. Nov c 11 j. : I L. l wen iraineu uicuii stomer the advanta let us demonstrate t i pay for the 1!*! 7 crop of wheat. I "In its deliberations the commits j has kept constantly in mind the three ! following factors: | "First, the tact that the United '; States is at war. ^ "Second, the need of encouraging ' the producer. (I "Third, the necessity of reducing the cost of living to the consumer. Oil I'pon Troubled Waters 'j "The normal laws of supply and Jemand have be; n violently interrered with and Congress has undertaken to I offset this disturbance by conferring i extraordinary powers upon trie presj' ident to stabiliz.' -prices. Each of the J foregoing factors grows out of cotii ditions which have received the care_1 ful attention of the committee. Chief "j among them are: That the wheat 1 yield in a great and important sec i tion of the country has this year ' been below th<e normal; that over ! against this situation is the crying need of the population, especially tne wage earners, that the rising tide of 1 costs shall be stayed, and reduced as ! rapidly as (possible consistent witn the welfare of the producers; that the ' government is at the present time engaged in the great task of reducing ; and stabilizing costs- of other staple commodites; that the wheat or tne world is abundant fcr its needs, even disregarding the stores in Russia, but lack of shipping and war conditions the burden of supplying wheat to the Allies and to neutrals rest for tne time upon the (United States and Can ada. Continuing Guaranty 1 "Your committee also has considered the fact that the government 'l price for the 1917 wheat crop is in 1 effect a continuing guaranty unttl the minimum' price guarantee by Congress for the crop of 1918 goes into effect, July 1. 1918. It considered GALLEY FIVE the relation of the 1918 minimum price guaranty, to the 'price here recommended. It has also considered the effect which an early termination of the war would have upon the wheac ! markets of the world. "In reaching its conclusion the committee has been guided by the prncipl.es you have announced that a fair (price should be based upon th* i y^/vct rvf nr/xrln/i + l/M-i f/"\r> + Vi a orit!r?. vi. pi vuuv^vu ivi i>iiv * J country, plus a reasonable profit. Wo have relied upon the cost estimates for the crop of 1917, furnished by the United States Department of Ag I Delivered *ol AOAnAmip^l na*?c r '01. ^VrUilUllllVUl VUAO V We don't ask y< ;very 53 pounds so 3 Aa firp? fni nnp ipyj MAV WAS 'WW ? *k wsaw 3000 pounds only u Diners that are gettir i when you talk aboi ariics and carry a fu ge in every way. o you the best car tl [TA f 1 A,.^' Newt rioulture, checked by the results or | our independent investigation and the J -evidence submiteed to the committers | j by producers and their representativ- J ;!esRegulations Considered i lie comiratLee na^ cuusuwreu me i rgulations recently established by! the United States food administartion ; j grain corporation for the different! i trades of the wheat through wh!cTi! ail transactions in wheat are to Dej j standardized and speculation to tv] ! entirely eliminated. Also that pro:- j its to the grain dealer, miller an2 flour dealer have been regulated an-l reduced by the grain corporation, erfopfiinff q nmtan'ol rorJii^tirvri in t!ii^ j cost ol: flour. i "In consideration of trie forego:ng j facts and circumstances this committee respectfully recommends that the price of No. 1 Northern spring wneat, j or its equivalent at Chicago, be $2.20 j per bushel." DR. I). D. WALLACE WRITES SEW BOOK' I "The Government of England National! Local, Imperial,'* It Title, and it j Is Being Highly Praised i ? j Spanrtanbug Herald. j i "The Government of England, Xa- j j tional, Local, Imperial," is the tit!-? I of a new book by Dr. D. D. Wallace, professor of history and economic at I vvoiiora. conoge just rrom rne press i of G. T. Putmaan's Sons, New YorK. The new book is beautifully bound !n red cloth with gold stamping, anacarries on a paper wrapper the Idea meant, for the book to convey. It is slated that'the book is a clear r^ortj to show the government of England | as it txists, and is not meant for 11 technical w*ork on the principles lead-! ing up to the present government, j The book is for the reader wno, would know something or tne govern- j ment of the mother country, without; being written especially for the schol- j | ar. It is easily understood, clear j' and well written, and presents in nns j style the author's conception, worked i out after painstakng searching aner j ' the exact truth, of the greatest em-; ' pire in the world. The book is au- J : thentic, exact, and deals in facts, Dn*! ; in such a way that it is easily read and furnishes a pleasant treat while i edueating the reader o nthe- subject un' der hand. . \ I?r. Wallace is the author of sev- 1 ; era! books on history and biography >n the market. We fc rv?<i 4-^v ^?1r a />fiw Ttr/v^/1 iru iu iqjvc uui wviuj rou can see there is i imple, we have 32: se a 4 inch tire, ig about 10,000 mil at service, we are the II line of parts in i lat sells for less than >erry, South Carolin; I which have attracted national attention. and the new book promises to rank in the forefront of the author's productions. Dr. H. X. Snyder, one of the lead ing educators of the South, and himself an author of note, hed the fol'.cv.ving to say of the book: "To his already significante contrioti tions to a better understanding of h:a chosen fields of history, econointoa and civics. L)r. D. D. Wallace. o? Wofiord coll.ge. has just added an other, "T).> Government of England, National, Local, Imperial," from the press of G. P. Putman's Sons, New York. It is a handsome volume si some 400 pages, and in clear, scnolarly, readable way presents the essential facts and interprets the spirit or what is nerhaDs the most iremarkat):e experiment in free government the world has ever seen?remarkable not only as it refers to England itself, bat also as it r: fers to free governments everyv/here, because they all hare either drwan their inspiration rrom or are direct imitations of the government of England. 'The book has thus a peculiar time lmess now when the fundamental issues being fought in the far-flung battle lines of the world is democracp against autocracy. The ancient prolific mother of the world's democracies is the litte sea-girt island. T? "know, then, how the system of free government developed in England and to realize its generous motives is + /\ r\ /^ /\^ if a c\j uiiuci m<iuu in a \iciiniLt? vv<xy wudt we are fighting for. And Dr. Wallace's 'book will give us this under* standing as no other book we know of can.' * ? Another thing which makes this book of exceptional importance now is the fact that '.'all along the author has kept in mind the . resemblanoe? and contrasts between, the government of England and that of our ow? country, not only because of .the interest in s'irh a nawrifal. hnf. of the practical lessons which : supplies." A reading, therefore, of Dr? Wallace's book will make . definitely clear to an American citizen how deeply the roots of American free Institutions reach back .into English institutions and also just how tneir transplantation to a new environment has modified them. We predict the " Government ot England" wll have a wide circulation. >both btcause of its Intrinsic worth and because of its timelineas. f lave customers , ask us who no reason for I k4 casings on I Of course this I es per set of I ! ones to ' give stock. And $1000.00. 1 I Ml ? Hill I II IB ! >' ' ... ..-,# v: -