The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-07-11
D|SCLOSES THE DANGER
Continued from, First Page.)

hi.h as $3.25 at Chicago and the prlc"
nj hour has hrrn from time to tim"
based upon this speculative price "t
wheat. s" that through one evil cause
or another tho consumer has suffered
from, ~ 10 ION per cent and the pro-
duc"r gained nothing.
- After much study and invcstiga-
ton il is evident that thus unbearablc
Increase III the margin between producer
and consumer is due not only to rank
Speculation. hut. more largely 10 the
wide margin Of profit demanded by
every link in tn" chain to insure them
from III. great hazards trade in the
widely iIuctuaiing and dangerous prics
situation during Il year when all nor
NAL $tabiZatnll has hc"n lost through
the interruption ~ world trade ana war
All those factors render it vitality nee
eSSary to initiate systematic measures
which will absolutely eliminates all pos
Sibllity Ut speculation. cure eXtortionate
profits and effect proper distribution
and restriction on exports 70 Il point
within our own protection. These mcac-
urrs cannot be accomplished hy punt;
1--WE prosecutions Of cvil-ducrS. but only
hv proper and Hnticipat"ry organiZa-
tiun and regulation all along the diStrl-
button chain.
-; lrurins recent months the allied
governments have consolidated their
huying into one hand IN order that they
might remove the burden Of Spccula-
ton from their own consumers and as
the restricted exports to ncutra'S are
but a minor item. the export prices, ii
not controlled is subject To the will Of
the allied buyer so that in Il grea,
measure the American producer is lett
|" that buyers Judgment and is with
out voice.
"Furthrrmur", in normal circum-
stances Unlt"d States and condition
wheat is moved to Europe largely i'll
the fall months. shipments averaging
about 4V0nn.Q0n bushels per month and
relieving Il corresponding flow from the
farms into the interior terminals. This
Year, owing tn the shortage Of shipping
the allied supplies must proceed oNcF
i larg. period nf the year and will not.
during rhr fall months, apparently. ar-
erase oyer U.00u.uO0 TO 2J.U0n.00 bush
els per month.
! We utuSU. therefore. expect Il clut in
our interior terminals during Il Consld-
cradle period. the financial resources
OF the grain trade arc probably insult
flcient 10 carry this extra load with
out the hrlp Of spectators. and more
over the consumption OF practically nj!
foreign buying IN Tia" hands of the al
iSh the resources "a capital available
by putting 4 number Of firms out o.
business and limits iii" financial capt.
tai 'availthI" in expert trade.
!. The net result of this situation ia
thai unless som" strong and efficient
government action is Immediately set
tied and brought into play, tn" Amnri J.
can producer will face 4 slump in
wheat. and. in any event. the price OF
export wheat will be dictated by a sin.
81" agency and ;hc American consumer
will he faced with tho situation ihat a
large part OF III" essential hrcadstuif
has passed mo til" hands a: Sr"cl!Ia-
: tors: for som. one must buy and hold
no, only the normal flow from tho
farmer. bat this rr"hI HI" rlut.
with rr"a' reduction IN. ihc con
sumption. OF wheat Gss,;L no" fortunate