The state herald., 1917-09-07
COMMITTEE ON SCALE FOR 1917
CROP COMPROMISE AFTER
rHREE.oAY DISCUSSION.
MEANS Scent L0AvEs
FARMERS ASKED $3.50 WHILE
LABOR REPRESENTATIVES,
PROPOSED s1.s4.
western Newspaper Union Now. Service.

Denver-Local wheat men stated
that the basic price of wheat for Den
yer probably will be 1920 per bushel
or about s3.67 per hundredweight,
the local price always depending
chiefly on the fluctuations in Chicago.
rather than in any other wheat CEN
ter They ventured the opinion, how.
ever, that Denver may. In this case.
be classed with Kansas City and Oma-
la on basic price Of $2,15.
Washington.-A price of $3.50 a
tushel was fixed for the 1917 crop Of
wheat by President Wilson Thursday
night on the recommendation OF the
wheat price committee, headed by DR..
II. A. Garfield.
spring wheat. delivered at Chicago.
The committee finally agreed after
three days Of voting At one time 1t
looked as II II would be impossible to
come to . conclusion. but q compro-
mise was reached and the last vote
was unanimous.
Representatives of the producers be-
gan by voting for a price Of $3.50 and
labor's representatives for $1.84.
In statment accompanying the
announcement of the price. President
Wilson declares 1t is the hope OF the
food administration. and his own as
well, that the fixing of q price will
stabilize the market and keep prices
within moderate bounds for all tran
sactions during the current year.
The price Of flour and bread, too.
the President declares, will be kept
down. The committee. in its report to
the President, gave as its three chief
considerations that entered into its
deliberations the following:
The fact that the United States is
at war: the need Of encouraging III
producer: and the necessity Of reduc-
ing the cost Of living to the consumer.
All members agreed in thoir discus
sions that the price fixed will permit
of fourteen-ounce loaf Of bread for
cents. allowing a fair profit both to
the flour manufacturer and the
baker.
The price differentials worked out
by the food administration are: No.
dark red winter. $2.2l: hard winter
basic. s2.2o: red winter basic. s2.2o;
yellow hard winter. sale: soft red
winter, $2.lS: dark Northern spring.
$2.24: red spring. $2.ls; humpback.
S2.10: amber durum. s2.2i: durum
basic. 32.20: red durum. s2l3; red
walla, &2,l3; hard white basic, &2.2o;
soft white, 32.1S; white club. $2.16.
Number 2 Of each grade is 3 cents
less: No. 3. 8 cents less; No I. 10
cents less.
Relative market basis: Chicago.
Galveston. New Orleans basic: Kan
sas City and Omaha. 5 cents less than
basic; Duluth and Minneapolis. 8
cents less: st. Louis. 9 cents less:
New York. 10 cents more than basic:
Baltimore and Philadelphia. Q cents
more: Buffalo. 8 cents more.
The basic grades are numbers 1
hard winter. red winter and Northern
spring.
Although the prices are fixed on
government purchases only, the food
administration. through its wheat cor.
poration. expects to control the mar
ket without difficulty. The corpora
tion will make all government and al.
lied purchases and has under consid.
Grafton plans to buy for millers.
II It serves as broker between the
terminal and the flour mills the cor.
poration will become purchaser OF
virtually all the country's wheat crop