Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-08-13

~nuctuation. 1t should thus be clear
that it will not be to the advantage
of any producer to hold back his grain
In anticipation OF further for
he Will do so only at his own cost of
storage and interest, and IL it is neces-
sary for the government to buy the en-
tire wheat harvest in order to maintain
this fair price In protection of the
producer, we intend to do SO.
Furthermore" declares Mr.. Hoover,
the holding OF wheat or -four con-
tracts by persons not engaged in the
trade. and even when in trade. In larger
quantities than is necessary for the or
binary course Of their business. Is un-
Lawful under the act. and such cases
will be prosecuted with vigor. and We
would advise such holders to liquidate
their contracts at once.
HOPE TO ARRIVE AT
STABILIZED PRICE FOR BREAD
BY the above arrangement. we be-
lieve that we shall stabilize the price
of wheat throughout the year; that
the hazards of operation due TO fuctu-
ating prices which are imposed upon
our milling and distributing communi-
ties will be eliminated. and therefore
their business can return to the nor
NAL ines and the normal margins Of
profits. and that we shall not only
have stabilized the price OF wheat. but
stabilized the price of -four. and that It
hould enable us to arrive at a
stabilized price Of bread.
THE Zoe administration has had
the patriotic cooperation of the lead
Ing millers of the country, and these
millcrs have organized. at the request
Of the food administration, a commit
tee to represent the entire trade. De-
tailed proposals for an agreed diferen-
tial Of profit and expenses per barrel
Of flour and per ton OF feed are under
discussion. Under this arrangement
the public will be insured an equitable
and stabilized price OF -four based upon
the cost of raw material, and we con-
fdently expect the volunteer arrange
ment with the mills will give salts
faction to the public"
LARGELY INCREASED
AMOUNT FOR EXPORT
The universal endeavor over the
country to reduce consumption" con
cludes Mr.. Hoover. "of wheat bread
stuffs. that we may have the requisite
exports with which to carry the allies
over the forthcoming winter. will re.
suit in a largely increased amount Of
wheat available for export. IF 1t were
exported as wheat, 1t would result ir
d~i1ninution of employment in our mills
and. OF equal Importance. curtailmen'
of supply of mill feed for our dair,
cattle. Therefore. the food administra'
ton will stipulate for a large proper
ton OF export Of -four instead Of whea
and as the export orders for -four vii
be given subject to the approval of TIT
food administration, those mills which
cooperate with the food administra,
tion will be given the benefit of TIL
exports employment. BY thus encour
aging the home production Of -four. tn,
manufacturing cost will be reduced
and. therefore, the American publ,
will receive indirect benefit in lowered
margins of cost in distribution"
Mr.. Hoover makes the concluding re
Election that it must be evident to al
thinking people that unless the pric
OF wheat. -four and bread can be re
duced materially the country canno
expect to maintain tho present wag
scale, and that It must lose efficienc
at a time 1t cannot afford UGH n sacri
l ann