The weekly times-record. (Valley City, N.D.) 1912-1922, 1917-09-13
Young Says Fixed Wheat Price
Neither Maximum or Minimum

In his early statements to the Amer
lean people Herbert c. Hoover asked
that the consumer curtail his use OF
white bread because the amount
available for our own use and that or
uur allies was 4O00O0,000 bushels
short of requirements,
Now the purchasing department OF
his Office is giving out such interviews
as are referred to in Mr.. Youngs tele-
gram printed below.
Broomhall who Is quoted herein is
The recognized authority of the British
grain trade for the new crop of 1917
1918.
Young's Telegram. -,
Congressman Youngs message fol-
lows:
In further replying to your tele-
gram will say that Mr. Hoover states
that the price recently fixed by the
price committee is neither a maxi
MUM or minimum, nor even fixed
price. He states further that the price
determined by that committee is the
price at which the food administration
will buy and plus actual expenses sell
wheat for the government and for ex.
ports. He also states that the main
tenance of the price fixed by the com
mittee is not guarantee over the
whole of the 1917 harvest field and
ahat it is solely dependent upon the
export demand and that there will be
no demand as long as the submarine
is not overcome or until peace is de-
-. oh oh ~
Ter. :
"Ee also states there will be in Ar
genuine, Australia and India a sufi-
cient supply of wheat by January 80
for the whole of Europe, including
Germany, but this supply is only par
daily available to the allies so long
as the submarine is not put under. Ow-
ing to the necessity Of confning ship
ping to the Atlantic route. January
wheat is selling in the countries men,
toned for from 80 cents to $1.15 per
bushel, therefore, the "fair' price can
only be assured so long as we can be
assured foreign market at this price
and no longer, and our contracts for
export cannot be maintained beyond
the amount the food administration
may have in hand at given time.
Eroomhall's foreign crop summary:
United Kingdom-Wet weather has
prevailed generally. Wheat yield poor
but quality fair; harvesting finished
and threshing progressing slowly
Oats fair yield hay large, potatoes
good. Stocks of foreign wheat liberal
and native offers fair, with movement
commencing
Russia~crop reports Variable, but
our agent says that in important plac-
es outlook is good. Stockssof old grain
moderate, as native consumption is
liberal owing to scarcity of other
foodstuffs.
Observation-Disclosures favorable and
crops improving.
India-Weather fine for blowing and
soil excellent. Supplies remain good.
Haly-Weather not favorable, and
harvesting impeded. Yield will be an
average one, but total outturn will be
much under earlier estimates. Quality
fai-
Spain-Harvesting and thresh:ng
completed under favorable conditions.
Supplies of native grain plentiful.
North misunderstanding showing
favorably and quality satisfactory.
Scandinavia-Weather unfavorable.
Threshing progressing but quality
not good. Import needs large and ar
rivals at all ports practically nothing.
The agricultural outlook generally dis
astrous
Ralkan States - Weather fine for
completion of harvest. Yields Of wheat
and oats far exceed expectations.
France-Weather wet north and
harvesting slow. Wheat crop being
threshed and yield disappointing. Oats
turning out we'll. Stocks of foreign
wheat moderate. Foreign purchases
have been liberal. The native yield
is fully 160,00O,O00 bushels under
home needs.
Reports as of Wednesday, Sept. s
from the leading primary markets
show small marketings and great de-
mand from millers.
The flour stocks Of the United
states are only sufficient for 20 days
and heavier receipts at terminals. are
necessary if any wheat is to be ex
ported. -Amasa P. Peake.