The herald and news. (Newberry S.C.) 1903-1937, September 04, 1917, Page THREE, Image 3
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: -