The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-09
INQUIRY WILL BE ASKED.
Believed In Washington That Spec
uIatIou sent wheat IN.

WAsulNGroN, Jan. S.--Members of Con-
rress are giving serious consideration TO
g.. s;yuard movement in the price OF
wheat Reports that the high price OF
wheat Is leading to an Increase in the
plce OF -four and will probably result in a
jump In the price of bread caused lot or
thinking in Congress to-day. and II seemed
certain tonight that resolutions will begin
10 sppear tomorrow directing the Execu-
tv, to take cognizance OF the situation
with view OF ascertaining whether the
advance in the price Of wheat is due solely
70 the law of supply and demand or
whether II has been effected partly
through manipulation by Speculation
Opinion differs among members of Con-
gress as TO the causes for the unprece-
d uted advance. but most of them believe
that t l. q direct result of the demand
caused by the European war There were
susgest.ons to-day that II the advance
continued Congress might be asked to pass
laV placing an embargo upon the ex-
lor,dllon OF wheat during the war or until
there has been return TO normal prices.
Even VI such an attempt was made there
seems little likelihood OF Congress acting
t"ogaby on II. The interests are too di-
verso. While many consumers I'm the cities
night desire such legislation the farmers
Of IN country who stand to profit by the
sEnSl prices would raise such an uproa r
i1't Congress could not seriously consider
tns proposition
Repre- sentative Adamson, chairman Of
te House Committee ON Interstate and
f"r-sl Commerce. and Representative
s'''-ns ranking Republican member of
N't committee, do not believe that any
su,n action would no possible.
Does Not Look for EmbsrSo.
81 10 not think Congress could be
~ s4adod ~ place an embargo on snip
NH"'s ot food" said Mr.. Adsmson. IF
lD5 present prices are the result OF ulsnip-
latoN logo spectators there is "A way
TO me. thc situaton under the law. !
nav, 10 doubt the proper officials OF the
department. OF Justice will make an In
CUR. ~ earn the facts. So far As an
enin Ergo D. 'ouccrucd the idea is imprac-
u,abi4."
Representative stevens said that While
Wt.- would undoubtedly b protests from
's country over the tremendous advance
N ne price Of wheat An embargo on the
.N.'ridi on Of the product would he Bit
o.'y opposed
There are two sides to this question
san Mr. stevens. THE farmer OF the
..o'r'l West has been holding his wheat
aN' M III rcdplng some benefit that comes
'om the unusual dcmand brought about
. var conditions Just before the War
ISL. tho United States IN an effort 10
''h'Ior tho trade with England put an
,Nn+'so ON food products. II failed OF
US purpose. The embargo was lifted
u''"lse II was found that the goods
we're struggled out OF the country IN
Almost As large volume as in normal
tmrl
Wheat prices will tumble as soon a.
'' Arscutne crops begin to move thu
,,'.''" part of the month, and by that tint
'oN for restoration of normal prices
n. farmers undoubtedly would strongl,
o'posc I'm embargo on shipments Of whea
inc p.oa that they are entitled to thu
I.I''s resulting from the natural law o
ppy tnd demand"
Lays u 10 Speculation.