Free trader-journal. (Ottawa, Ill.) 1916-1920, 1917-08-13

Washington Aug l3--Herbert c.
Hoover, the food administration an
nounced today, the pans for the con-
troll of wheat, flour and bread. They
are specific and comprehensive They
have been worked out fully in view OF
the disrupting and disturbing condi.
tion of the European war and the part
this country still has to play.
They provide;
/. For the vigorous prosecution OF
all perosns who hold more wheat or
-four than Is required in their nor
NAL business.
2. For the maintenance of fair
price throughout the country, by seiz-
ing, if necessary, the entire 1917 har-
vest and determining the cost to the
consumer.
3. For food administration agencies
at the principal wheat terminals
throughout the country
4. For the restriction Of storage to
thirty days, unless special permit Is
given by the food administration.
3. For the elimination of specula.
tion by compelling all mills and ele
vators with more than 100 barrels
daily capacity 20 take out a govern
ment license
The regulations will go into effect
on September !.
Mr., Hoover believes that by rigid
application of the regulations the price
of wheat can be stabilized throughout
the year.
With the price of wheat stabilized
1t is belived that the price of -four
viii conform and thus a stabilized
price of bread will be maintained
In announcing his plans Mr.. Hoover
says:
The disturbance to the worlds COM
merce and short supplies has caused
a greater disruption of the normal
markets for wheat than any other
cereal
/. As a result OF the isolation of
certain of the worlds wheat producing
countries, by either belligerent lines or
short shipping the normal determine
tion of the price of wheat by the ebb
and flow of commerce Is totally de-
stroyed
2 In order to control speculation
and to secure more equitable distribu-
tion of the available wheat and -four
between their countries the allied gov
ernments have piled the whole pur-
chase of their supplies in the hands Of
one buyer.
Also the European neutrals are now
buying their wheat through single gov
ernment agents instead Of in the nor
NAL coures Of commerce. Therefore
the export price or wheat and -FOUR
and thus in the real price II not con-
troled, will be subject to almost sin.
gle will Of the foreign purchaser
5. In normal times American wheat
moves largely to Europe in the Fall
, months. This year the shortage ol
shipping necessitates its distribution
over the entire year Therefore thers
is danger of glut in our WAREHOUSE
J. system over a considerable period,
II a. There are large stocks OF wheat
D which cannot be drawn upon by The
IL allies during the war, but In the even
J. of peace or defeat of the submarines
. these would be available and nigh
Is seriously demorali2e the demand To-
u American wheat.
So Wheat for 1917.
3. II must be clearly understood
that the guaranteed minimum price
of 81 per bushel for wheat. set ou
l. in the food bill, does not apply Z
the 1917 harvest. but only to the lsl
er harvest, and then under condition
va which must be elaborated. There !
at, therefore, no determined price for tn
as 1917 harvest
i'll The result Of this situation Is ina
'is tile normal prloe.maklng machinery !
I'd. entirely broken down unless some q
(Cnntinued on Page 81