Morris tribune., 1917-08-17
GOVERNMENT MARKET CONTROL
concluded from page u


house service; that no wheat shall
be stored for more than 30 days
without the approval of the food ad-
minfstration; that certain informa-
ton as to receipts and shipments
shall be supplied regularly; the grain
exchanges are being asked to. sus-
pend all dealings and quotations In
future wheat These regulations
will come into force September l and
the licenses will be prepared this
week.
FARMERS ELEVATORS Elk
CEPTED
while farmers cooperative ele-
yators are excepted by the food Dill,
this. however, only applies to mutual
concerns and not to stock companies,
and in any event under the adVant-
ages, and in any event under the ad-
vantages of joining the plan, none
are likely to stand out.
I'm substitution of the broken
down marketing machinery the food
administration proposes to open
agencies for the purchase of all wheat
at the principal terminals, carrying
on it's transactions with the usual
dealers and is prepared to take the
whole harvest if necessary in order to
maintain a fair price and will resell
wheat for export in such quantities
as we can afford to part with in
protection of our own people on one
hand and to sell on the other to the
millers for domestic consumption.
The administration will make no
charge except a nominal percentage
to cover cost of the operation and
arrangements will be made which
will assure the government against
loss.
WILL CHECK ALL TRADING
I'm order that nothing shall be left
to mischarge we are setting up a
properly constituted and indepen-
dent auditing committee which will
check all transactions at every point.
THE food administration UNDER
these arrangements would have large
influence in affecting the price Of
wheat With a view to determining
a fair price, the President has APP
proved the appointment of COM
mittee to be elected from represent
atives of the producing sections and
consuming elements in the cOmmun-
ity. This committee will be assem-
bled under the craftsmanship Of Pre-
sident Garfield Of Williams college,
and it will be the duty Of this COM
mittee to determine a fair price for
the 1917 harvest. Upon the deter
mination of this fair basis, it is the
attention of the food administration
to use every authority given it under
the bill and the control of exports to
affect the universally of this fair
basis throughout the whole of the
1917 harvest year without change or
fuctuation.
MAY BUY ENTIRE HARVEST
It should thus be clear that it will
not be to the advantage of any pro-
ducer to hold back his grain in anti
cipation of further advance, for he
will do so only at his own cost of
storage and interest, and if it is
necessary for the government to buy
the entire wheat harvest in order to
maintain this fair price in protection
of the producer, we intend to do So
- Furthermore, the holding OF
wheat or flour contracts by persons
not engaged in the trade, and even
when in trade in larger quantities
than is necessary for the ordinary
course of their business, is unlawful.
under the act, and such cases will
be prosecuted with vigOr. And we
would advise such holders to liquid
ate their contracts at once.
"By the above arrangement, WE
believe that we shall stabilize the
price of wheat throughout the year
that the hazards of operations due
to fuctuating prices which are i'm
posed upon our milling and distribut
long community will be eliminate
and therefore their business can re
turn to the normal lines and tn
normal margins of profit, and tina
we shall not only have stabilized tn
price of wheat, but stabilized tn
price of -four, and that it should en-
able us to arrive at stabilized pric
of bread.
MILLERS WILLINGLY COOPER
ATE
THE food administration has ha
the patriotic cooperation of the leat
ing miIlers of the country and thes
miIlers have organized, at the re
quest of the food administration,
committee to represent the enti1
trade Detailed proposals for a
agreed differential of profit and e1
penses per barrel of flour and pc
ton of feed, are under discussion
Under this arrangement the publ
will be assured an equitable and stall
ilized price of flour based upon tt
cost of raw material and we col
fidentIy expect the volunteer arrang
ment with the mills which will giI