Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1917-09-06
NO MAXIMUM
PRICE FIXED
SAYS HOOVER
Declares $3.50 for Wheat
Does not Represent Arbi-
trary Figure, Young says

Bismarck, N. D.. Sept. 6.-No max.
MUM or minimum price mas been es-
tablished for wheat. The committee
has merely fixed the price at which the
food administration VIII buy and sell
wheat, and the maintenance OF this
tinued success with submarine war
fare. Congressman George M. Young
advised thu North Dakota railway
commission last evening in a telegram
replying to q message from the board
asking whether $3.50 was the maxi
mum or the minimum price of wheat.
What Hoover Says.
Congressman Young's message fol-
lows:
In replying to your telegram, will
say Mr.. Hoover states that the price
recently fixed by the price committee
is neither a maximum or q minimum,
nor even a fixed price. He states fur
Their h a the price determined by that
Icommittee is the price at which the
food administration will buy and.plus
actual expense, sell wheat for he gov
terpment and for exports. He also
states that the maintenance of the
price fixed by the committee IL not
q guarantee covering the whole Of
the 1917 harvest field; that it is sole
ly dependent upon the export demand,
and that there will be a demand so
AOA6 06 ZIG 6uUAuATAno WdTldT0 I1d5
not been overcome or until peace has
been concluded, which ever event may
happen first. "a
Plenty of Wheat for World Soon.
Mr.. Hover also states there will be
in Argentine, Australia. and India. a
suffcient supply of wheat by January
80, for the whole OF Europe, tnclud-
ing Germany. but this supply is only
partially available to the allies as long
| oo fh0f n ny ~ NH, a ri~A p MN Hfo - i1
not eliminated. Owing to the peces-
stty of combining shipping to the At
lantic route, January wheat is selling
in the countries mentioned at from
90 cents to $1.15 per bushel. there
fore h fair price a only be assur-
ed SO long as we can be certain of a
foreign market at this price and no
cannot be maintained beyond the
amount the food administration may
have in hand at q given time"
Referring to the commission query
as to whether the establishment of
price by grade had abolished the sam
pie market and prohibited sale by
sample, Congressman Young says:
THE other information asked, by
you is not available at the food ad-
ministration offices here. Am request
ing it from New York office.
(Signed) George M. Young"
Portland, Ore, Sept. Spending
definite conclusions by the govern
ment price fixing committee as to the
basic price for grain in the northwest,
dealers will proceed at the Chicago
price of 1920 a bushel. Authority to
do this was given today by Federal
Grain Commissioner Max Houser, who
tonight gave out q schedule Of prices
on this basis for No. 1 wheat Of var
ious grades as follows:
Dark Hard Winter, 1924.
Hard Winter Basic, $3.50.
Red Winter Basic, S2.20.
Yellow Hard Winter; $2.16.
Soft Red Winter, $2.16. t2
Dark Northern Spring, $a.24.
Northern Spring Basic, 1920.
Red Spring, $3.18.
Humpback, $2.10.
Amber Durum, 1924.
Durum Basic, 1920.
Red Durum, $2.1S.
Red Walla, $2.18.
Northern Spring Basic, 1920.
Hard White Basic, 1920.
Soft White, $2.1S.
White Club, 32.18.
No. 2 Of grade will be Sc less; No,
3 Of grade &c less; Nc. of grade 10c
less; No. 5 and lower grades will be
handled on sample. These prices are
bulk.