The Butler weekly times. (Butler, Mo.) 1881-1918, 1917-09-06
|ys.o vi BUsl1EL PRICE
M FOR WHEAT ss
New Figures VIII Make 0ralS
Cents Less It Kansas CITY sssI

Will UC pE.<O UuSACA.s AiSSAuStASAHyset
son set this price upon the rScaii.
mendation Of the special tonniiftes
| of the food administration headed +,
H. A. Garfield.
| The price, which is for No. North.
ern at Chicago. is below prices re.
lcently recorded for cash transac-
tions in the crop at Chicago. IN II
put into effect as an intermediate step
between the uncontrolled prices
which have prevailed and the Sc price
set for. the 1918 crop in the food con
troll bill.
| Section ii OF the food act pro
Ivides among other things for the
purchase and sale of wheat and flour
by the government, and appropriat-
ed money for the purchase. The pur-
chase of wheat and flour for our al
lies, and to considerable degree for
neutral countries also has been
placed under the control of the food
administration. | have appointed q
committee to determine fair price
to be paid in government purchases.
The price now recommended by that
committee-$2.2o per bushel at Chi
cago for the basic grade-will be
rigidly adhered to by the food admin
istration.
1T is the hope and expectation Of
the food administration, and my own
also, that this step will at once sta
bilize and keep within moderate
bounds the price of wheat for all
transactions throughout the present
crop year, and in consequence the
prices of flour and bread also. The
food act has given large powers for
the control of storage and exchange
operations and these powers will be
fully exercised. An evitable conse-
quence will be that financial dealings
can not follow their usual course.
Whatever the advantages and disad
vantages of the ordinary machinery
of trade, it can not function well un-
der such disturbed and abnormal con-
ditions as now exist. Fri its place the
food administration now fixes for its
purchases fair price, as recommend
ed unanimously by a committee rep
resentative of all interests and all
sections and believes that thereby 4 /
will eliminate speculation, make pos
sible the conduct of every operation
in the full light of day, maintain the
publicity stated price for all. and true
economies made possible by stabiIi-
cation and control, better the posi-
ton of consumers also.
"Mr. Hoover, at his express wish,
has taken no part in the deliberations
of the committee, on whose recon-
mendation l determine the govern
ment's fair price nor in any Way hasf
intimated an opinion regarding thatf
price.
(Signed) Woodrow Wilson"
The food administration, immed-
lately upon fixing Of the basic price.
issued the following table to. show
how the government would apply this
price to other grades and in other
markets:
No. I dark hard winter, Govern
ment price, $2.25; No. hard winter
basic, Government price $2.2o; No.
red winter basic, Government price,
S2.2o; No. yellow hard winter, Gov
eminent price, $2.I6; No. soft red
winter, Government price, $2.I8; No.
I dark spring, Government price
S2.2o; No.. / northern spring basic,
price, $2.2o; No. red
spring, Government price, $2.18; No.
I humpback, Government price $2Io;
No. amber durum, Government
price, $2.24; No. durum basic, Gov
price, $2.2o; No. red durun,
Government price. $2.I3; No. L red
valla, Government price, $2.I3; No.
lard white basic, Government price,
;2.2o; No. I soft white, Government
rice, $2.I8, No. white club, Gov
price, $2.I6. No. Of grade
cents less; No. 8 Of grade, 6 cents
ess; No. 4 of grade, 10 cents less.
Relative market basis:
Kansas City, SC less; Omaha. SC
ess; Duluth, SC less; Minneapolis SC
ess; St. Louis, &c less; Chicago, "
'asic; New Orleans, basic; Calves
on, basic; Buffalo, Sc more; Phila- h,
|eiphia. &c more; Baltimore, Ioc
more. :. x II
Differentials between grades and n
lasses of wheat and between the diff 4
erent primary markets Of the United i
itates as Sestablished BY the United 4
.<StA. fn~.d @ advnsstsi tvntinS, " ssnny, | $