The Clayton news. (Clayton, N.M.) 19??-1954, 1917-11-10
THE GOVERNMENT AND THE BEAN
Says Present Market Conditions Large
Iy Due TO Weather Conditions.

Says Present Market Conditions Large
Iy Due TO Weather Conditions.
Santa Fe, y. NJ, Nov. S.-State Food
Administrator Ralph c. Ely this morn
ing received the following telegram on
the bean situation from the national
food administration at Washington:
In answer to inquiries from the i'm
portant bean producing sections, the
Efonn administration announces that it
hSs fixed no prices N beans and does
not contemplate doing so. The army
and navy have recently purchased spe-
cific lots of beans. to be shipped before
November Is. The federal trade COM
mission advised as to costs of beans in
the hands of dealers and the depart
ment OF coordination in purchases OF
the food administration advised as to
where these orders might be placed. but
the purchases. were made by the prop
erly constituted authorities Of the quar-
ltermaster general of the army and pay
master general of the navy. The food
administration is informed that these
orders were placed almost entirely with
dealers, and that while these prices
may have been below market values
they represented fair profits to dealers.
based upon federal trade commission
|
authorize the food administration to fix
the prices to the grower OF beans. but
the responsibility of preventing various
agencies in distribution from exacting
Unreasonable profits to the end that
lbeans may reach the consumer at as
reasonable prices as IL consistent with
1 reasonable profit 10 any necessary fac
tor in distribution. Specializing anS
hoarding. and reselling within Vhc
trade. must be discontinued. Dealers
Iare required 10 heN at reasonable prof
iits- -ncthai cost at time OF sals
fwath6dt- regafn no mafkSt or replace.
ment value. This policy is adopted for
fthe. protection OF the producer as we'll
tag OF the consumer. and 1t is much to be
! ldGsired that every bean grower using
lsoil adapted for bean growing, using
-ldue care and diligence. should receive
~tfair profits over cost of production. Oi
course, an agency Of the government
lcould not undertake 10 protect lndivid.
uals Of dlhtricts which have been un-
fortunatet in wcnther and crop condi.
ItIons. II general supply operates in such
AWAY as TO make market values dis.
Iappointing in particular sections. while
the crops in New York state and Mich.
increase in Colorado, New Mexico and
california far more than offset their
shortages and must necessarily effect
neral market values. In recent years
large impOrtations of Manchrian beans
10 good quality have been brought into
lthls country, and reports now are that
the Manchuran crop IL vastly Increased
lover any previous years. by reason oi
the shortage of tonnage and danger In
the submarine zone about Europe. the
Manchurian beans are very naturally
seeking market In this country. They
could hardly move In any other direc'
tom. The food administration propose,
to help wherever possible iu the cam
paIgu TO sbSduRlRo farmers and In
crease productions but economic condi
tiOns abOWeS referred to are the reR
causes OF pFes''ht unsettled conditions
uf market. and tIsuat be reckoned with