Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-08-16
TO STABILIZE WHEAT
PRICES IN AMERICA
Government Will Purchase
Enough of 1917 Crop to Main
tain Fair Return.
NAY BUY ENTIRE HARVEST
$5o,oOo,ooo Corporation Formed
by Food Administration for
Carrying Out of Plan.
NAY BUY ENTIRE HARVEST
Try Associated Pre.s.1

administration prepared to-day to take
over the entire 1917 wheat crop II nee
essary to stabilize prices throughout
poration. with all OF the stock held by
the Federal government. to buy and
sell wheat at the principal terminals.
The move was the first of a series to
be taken TO reduce the price of bread.
Miilers already have agreed to put
themselves under voluntary regula-
tions, and work out with the food ad-
ministration differential of profits.
Distribution of -four by the wholesalers
and the taking of bread will be taken
up next.
The hope of the food administration
is to establish a scale of prices frc"l
the farm to the grocery store. elimi-
mating undue profits and ending specu-
lation.
In announcing formation Of the
Wheat Corporation, the food admins
tration also has made known tie per-
sonnel of the committee which will fix
price TO be paid for this years wheat
yield. and the names OF the men who
will act as purchasing agents fer the
corporation at terminals.
The Wheat Corporation will handle
all allied grain purchased, and will do
the buying for the American, govern
ment The allies will be required to
purchase -four instead of wheat, on the
theory that manufacturing costs will
be reduced ard American industry en-
couraged.
GRAIN MEN TO GIVE ENTIRE
TIME TO GOVERNMENT
All of the grain men who are taken
into the food administrators grain
division will disassociate themselves
from business interests. and give their
entire time to the government without
remuneration.
These men," said Mr.. Hoover, "are
making a magnificent sa,rifce. and
many of them are giving up large in
comes"
Authority to license grain elevators
and milling concerns was given form
ally to the food administration to-day
In a proclamation by President Wilson
Mr. Hoover hopes that operation of
the licensing system Will make unnec-
essary any extensive government pur-
chases for the allies. He believes a
stable export Irice and proper super
vision of exchange dealings Will do
more than anything else to keep prices
on a constant level
The food administration Will opep
agencies at all the principal wheat ter
minais. carrying on its transactions
with the usual dealers. No commission
charge will be made except to cover
costs of operation. The price to be paid
for wheat will be fixed by a commit.
tee under the grain division headed bv
President Garfield of Williams COLLEGE
This price. the food administration e.-
poets to see maintained in private as
we'll as government transactions.
UNDER GRAIN DIVISION
OF FOOD ADMINISTRATOR
The corporation will be put under tn.
grain division Of the food admin,stra.
ton. and its executive officers will ha
the same as the officers of this division
whose names were announced TO-DAY
IS follows:
Herbert Hoover. chairman: Ju,,u.
Barnes. Duluth. Mimi. president; Gates
". McGarrah. New York, treasurer:
r. c. Crowell. Kansas City. vice-presi-
ent; Edward Chambers. Chicago. trans
portation director; Curtis H. Lindley.
San Francisco. counsel; ]. w. Short
hill of York. Neb. secretary
The personnel OF the wheat price,
fixing commission was announced as
follows:
Henry A. Garfield. president OF will
liams College. chairman: Charles ].
Barrett. of Union City. Ga. president ot
the Farmers Union; William ~ Doak.
Roanoke, Va, vice-president of the
Brotherhood of Railroad Trainmen: Eu-
gene l.. Funk, Bloomington, Ills, pres
ident of the National Corn Association:
Edward F. Ladd. Fargo. N. D.. presi-
dent OF the North Dakota Agricultural
College; r. Goodwin Rhett. Charleston.
5 c.. president of the Chamber of Com
merce OF the United States; ]. w.
Shorthill, York. Neb.. secretary OF tho
National Council of Farmers Co-Opera-
tive Association: James w. Sullivan.
Brooklyn. N. Y. OF the American Fed
Grafton Of Labor: L. T. Tabor, OF
Barnesville. Ohio, master Of the Ohio
State Grange.
REPRESENT GRAIN DIVISION
AT VARIOUS TERMINALS
Twelve men were named by the food
administration to represent the grain
division at the various terminals. Thev
are:
Edward NJ Flesh, at st. Louis: M. H.
Houser, Portland, Ore; C. B. Fox, New
Orleans; II. b. Irwin. Philadelphia: p.
II. Ginder. Duluth; Frank L. Carey.
Minneapolis: George S. Jackson, Balti-
more; Howard B. jackson, Chicago.
Charles Kennedy, Buffalo; r. A. Levin,
San Francisco: D. F.. Piazzek. Kansas
City; Charles T. Neal, Omaha
Flour mills will be assured wheat at
the price to be paid by the government.
and the food administration Is ready to
purchase for the mills all the grain
they use. The millers to-day named a
committee to cooperate with the food
administration in Il voluntary reGula-
tion OF their industry. This committee
Is as follows:
James f. Bell. OF Minneapolis. chair
man; a. P. Husband. OF Chicago, sec.
retary; Albert c. Loring, Minneapolis,
representing the Northwest: Andrew ].
Continued on Second Page.)