The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1917-08-15

70 TAKE Ill||g|1 | o. OVER i +.
GRAIN G. ! \ | SUPPLY
H. G. Hoover Is I! Chairman Of New
Federal Food Administrative
Body s.
q e. ,g. syc s----S- '..-.
HENRY A. GARFIELD 81 HEADS
THE PRICE F1xN1G BOARD
Organization to Haye a capitaliz,
alton Of FIFTY Millions .

. .
Washington, Aug. l5.-With the ap,
proval of President Wilson, the food
administration today announced the
formation of corporation to take
over the control Of the country's grain
supply. The following executive off,
GERS have been nahed: -
H. C. Hoover. chairman.
Julius Barnes. Duluth, president.
G. w. McGarrah, New York, treas
F. G. CroWell, Kansas City,. vice
president.
Edward Chambers, Chicago. trans
portation director. - :, :. 4,
Curtis H. Lindley,s sa Fracisco,
counsel. %f
j. W. shorthill, York, Neb., secre-
tary '.-.
The personnel OF the wheat price
fixing commission includes: ~:
Henry A. Garfield, president of VIII
liams college, as chairman, and Ed
ward r. Ladd of Fargo, president OF
the North Dakota Agricultural col
lege.
The milling interests named CON-
mittee to cooperate with the food ad-
ministration in negotiating voluntary
regulations Of the milling industry.
The committee Is headed by j. E..
Bell of Minneapolis and includes
Charles c. Loring, Minneapolis, to
represent the Northwest.
Twelve men were named by the
food administration to represent the
grain division at the various termi-
mails, among them being P. NJ. Ginder
Duluth, and Frank l.. Carey, Minneap
oils. s
The grain corporation will have a
capital Of $50,000,00O. and will be or
ganized along the lines of the ship.
ping board emergency feet corpora
ton. twill be managed by the grain
division Of the food administration,
which will have the same officers as
the corporation. All the stock wilb be
owned and held by the United States
government, y.E.
To Stabilize Prices.
Government purchase of enough Of
the 1917 wheat crop to stabilize pric es
in the United States was forecast in
the formation today of a $4,000, 900
corporation by the food administra-
ton. #a&@
The intention is to take over the
entire harvest if necessary to main.
tain fair prices The corporation will
make all allied purchases of wheat
and flour and will stabilize prices to
the allies. Through this arrangement
too, it hopes to secure itself against
any possible loss. &e#y
The food administration will open
agencies at all of the principal ter.
minals, carrying on its transactions
with the usual dealers No commits
sion charge will be made, except to
cover cost of operation. The price to
be paid for wheat will be fixed by a
commission under the grain division
Mills to Cooperate!
This price, the food administration
expects to see maintained in private
as we'll as government transactions
Flour mills will be assured wheat at
the price to be paid by the govern
ment and the administration is ready
to purchase for the mills all the wheat
they use. The mllers today named a
committee to cooperate with the food
administration
Representatives of the wheat buy
ing industries came to Washington TO-
day to confer with the food admins
tration on the governments plan to
license all elevators. Detailed regu-
lations drawn by the food admins
tration and approved by President
Wilson govrening the licensing will
be announced shortly.