The Birmingham age-herald., 1917-08-31

at the start.
 On the basis of $220 at Chicago, the food adrninistration worked out tonight differentials for the various grades and classes and for the several terminals.
 The g price set by Congress for 1918 X wheat was taken into consideration by Athe,, committee in considering fair valuation for this years crop.
 TO STABILIZE MARKET
 In announcing the price, President Wilson stated it is the hope of the food administration and his own as well, that the fixing of a price will stabilize the market and keep prices within moderate bouhds for all transactions during the current year.
 The price of flour and bread, too, the President declared. will be kept down.
 The committee, in its report to the President, gave as the three chief con alterations of it's deliberations the fact that the United States IS at war, the need of encouraging the producer, and the necessity of reducing the cost of living to the consumer. All the mem bers agreed in their discussions that the price fixed will permit of 14-ounce loaf of bread for cents, allowing fair profit both to the flour manufacturer and the baker
 'N PRICE DIFFERENTIALS
 The price differentials worked out by the food administration tonight are: No. 1, dark hard winter. s2.24; hard winter basic, S22O; red winter basic, 8 20; yellow hard winter, $2.16; soft red winter, S2.1S; dark northern spring, SPA; red spring, s2.1s; hump back, s2.10; ann Der durum. s2.24; durum basic, s2.20; red durum, $2.13; red wallas, s2.13; hard white basic. $2.2o; soft white, $2.1S; white club. s2.16. No. 2 of each grade is cents less; No. 8, cents less; No. 4, 10 cents less
 Relative market basis; Chicago, Calves ton, New Orleans, basic; Kansas City and Omaha, cents less than basic; Duluth and Minneapolis, cents less; st. Louis, cents less; New York. 10 cents more than basic; Baltimore and Philadelphia, g cents more; Buffalo, 5 cents more.
 BASIC GRADES
 The basic grades are No. 1 hard win ter, red winter and northern spring.
 Although the prices are fixed on government purchases only, the food administration, through it's wheat cor roration. recently organized, expects to control the market without difficulty. The corporation will make all govern ment and allied purchases and has un der consideration plans to buy for millers. If it serves as broker between the terminal and the flour mills the corpora tion will be come purchaser of virtually all the country's wheat crop.
 FARMERS WILL CRITICIZE
 Members of the committee said to- night they expected a great deal of criticism from the farming classes, but that they felt that every farmer should willingly relinquish part of his prof its i'll the interests of the common good.
 In it's statement to the President the committee recites the factors consid cred in it's discussions Chief among them was the mounting cost of living. The cost of production came in for considerable attention. It was real ized that some growers will be forced to sell lheir wheat at a loss. while many others will make high profit.
 The committee's work ended with the fixing of price. One member, R. G. Rhett of Charleston, s. C., was i'll and did not attend the meetings.
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