Bisbee daily review., 1917-08-31
WHEAT PRICE
 |S FIXED FOR
 THIS YEAR $ CROP AT $40
President Wilson Announces Price for Northern Spring Wheat - Compromise Is Reached After Three Days Deliberations
(By Review Leased Wire).

0vRASHINGTON, August 30.-The " price of No. Northern spring " wheat was fixed at S220 a
 bushel at Chicago for the 1917 crop today by the wheat fair price committee headed by Dr. H. A. Gar field, whose findings reached after three days deliberation were submit ted to and approved by President Will son.
 Number One Wheat The basis will be for number one wheat delivered at Chicago. The com mittee finally agreed late this after noon after several days of voting. At times today it looked as if it would be unable to come to a conclusion but just before o'clock agreement was ! reached and the vote was unanimous Producers Want s2.5o Representatives of the producers began voting for a price of s250 and labor's representatives for S1.s4. The two extremes eventually narrowed down until the votes were only a few cents apart and today's voting show ed only a slight difference. Both fac tions appeared uncompromising to the start.
 1918 Prifce Considered
 On the basis of s22O at Chicago the food administration worked out to- night differentials for the various grades and classes and for the several terminals. The price fixed tonigh: is 20 cents higher than that fixed tor the 1918 crop by congress. The price set by congress was taken into con sideration by the committee.
 Hopes for StabiIization
 In statement accompanying the announcement of the price President Wilson declares it is the hope of the food administration and his own as we'll that the fixing of a price will stabilize the market and keep prices within moderate bounds for all tran sections during the current year
 Bread Price Up
 The price of flour and bread. too. the president declares, will be kept down. All members agreed in their discussions that the price fixing will permit of 14-ounce loaf of bread for five cents. allowing a fair profit for the flour manufacturer and the baker
 The price differentiation worked out by the committee fololws:
 Various Classes
 Number one dark hard winter, s2.24; hard winter basic. s22O: red winter basic. s2.2O: yellow hard win ter, s2.16; soft red winter. s2.1S: hard northern spring. SPA; red spring. s2.1S; humpback. s2.10; red dururl basic, s213; red Walla. s2.I3; hard white basic, s220: soft white. s2.IS: white club. S2.16.
 Number two of each grade is three cents less; number three. six cents less; number four. ten cents less.
 Relative market basis:
 Three Basic Centers Chicago. Galveston, New Orleans. basic; Kansas City and Omaha. five cents less than basic; Duluth and Min neapolis. three cents less: St. Louis. two cents less; New York. ten cents more than basic; Baltimore and Phil adelphia, nine cents more; Buffalo, five cents more
 The basic grades are numbers one hard winter, red winter and northern spring.
 Will Control Market
 Although the prices are fixed no government purchases only. the food administration. through it's wheat cor. posation. expects to control the mar ket without difficulty. The corp)ra- tior will make all government and allied purchases and has under con- sideration plans to buy for millers. If it serves as broken between the terminal and the flour mills the cor poration will become purchaser of vir- tually all the country's wheat crop.
 Members of the committee said to- night they expected a great dea lot criticism from the farmily classes but that they felt every farmer should consider himself part of the war ma chinery of the government and will ingly relinquish a part of bis profits