The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1917-08-31
Board Headed by DR.. Harry A.
Garfield Reaches a Decision Az
ter Deliberating Three Days and
Reports 10 President.
REPORT OF FINDINGS rs
ISSUED BY MR.. WILSON
It Is the Hope and Expectation Of
the Food Administration That
This Step Will be Beneficial 10
All Concerned.

by Nfa"clateh ffesa
Washington. Aug. 3i--The price Of
number northern spring wheat was
fixed at 81 20 bushel az Chicago for
the 1917 crop yesterday By the wheat
fair price committee headed by II. A.
Garfield. whose findings reached af-
ter three days deliberation. were SUBJ
mitted 10 and approved by President
Wilson.
The announcement was made at
the White House IN tho following
statement by the president.
Section II OF the food act provides
among other things for the purchase
and sale OF wheat and flour by the
government and appropriates money
for the purpose. The purchase OF
wheat and flour for our allies and to
a considerable degree for neutral
countries also. has been placed under
! the control of the food adm mtnlstration.
II have appointed a committee 20 de-
termine "a fair price tn be paid In gov
lernment purchases The price now
recommended BY that committee
&2.2O per bushel at Chicago. for the
basic grade--will be rigidly adhered
TO by the food administration.
Food Act Gives Large Powers.
l
the food administration and my own
also. that this step will at once stabr-
ize and keep within moderate bounds
thee price of wheat for all transac-
tions throughout the present crop
year and In consequence the prices OF
flour and bread also. The food act
has given large powers for the con-
troll Of storage and exchange opera
tions and these powers will be care
fully exercised. An inevitable conse-
lquence will be that financial dealings
cannot follow their usual course.
Whatever the advantages and disad-
vantages OF the ordinary machinery OF
trade, II cannot function well under
such disturbed and abnormal condi-
tions as now exist. In Its place the
food administration nov fixes for its
purchases a fair price as recommend
ed unanimously by "A committee rep
resentative OF all interests and all sec
tiOns and thereby II viii eiimirate
Speculation. make possible the conduct
OF every operation In the fun light Of
day maintain the publicly stated
price for all and through economies
made possible by stabilisation and
control. better the position OF con-
sumers also.
Hoover Took No Part.
Mr. Hoover M his exnress wisb
has taken no mart an the deItbera,iora
of the committee an vhose rero,,.
lmendatior determine the royern-
lrent's fair prioe nor has he in any
way tntimatod an opinion rneardins
lthat price"
The rcpor, OF the committee ad.
dressed to IN. president follows
The underslsned committee has
been asked bv YOU to recommend the
Ipricc which the gorernmen, should
nay for the 1917 crop OF wheat
"In it's deliberations the committee
has kept constantly In MIND the three
following factors,
"Ftrs,-The fact that thp United
States i, 81, war
"Second The nssd of enc,urartne
the producer
,,schtra ,rh, ,.....,,,. .., ..A,,,,,,,
~. go, ~, ,,,.t,.,. -. - ,.,,,,.,,,..a,.
I.,,s -, S,,n,,t, s,, ,,c,,,a,,,
,arh~ ,,,.r,,,,I -. - .,,,.,.,,' "a
l a,.,'.,, hs,,. - ,.,,.,o,,,,,, ,..as,
LIZ ga -,,,,..os. ,.., ,,rder,.l'a,. 80
lo,,sa, ,,t, a,s,,.b,.r.o h,' ,,,,,s..,,,,,
r c,,,r,,r6t,a.r,' ,,,,,.o.. ~, ,ha rrasi, ;,
d.rt 90 st,biit1. nri,as r,scb ~ ,he
g,ro,.,i,g s,r,ors r,o.s ~, ., co,at.
rims which nave received tbs carsful
lottc,,Io, q, ~, cor,,,,i,,ao rhto,,,-