Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1917-11-23
MARKET FOR OUR WHEAT.
Government Controls Price, Which is
Guaranteed to the Farmer.

Government Controls Price, Which is
Guaranteed to the Farmer.
The Food Administration Grain
Corporation is government organi-
zation which has been formed to en-
force the Government regulations in
regard to marketing the country's
wheat crop. These regulations are not
| generally understood and many in
quries come into this Office in regard
to the price of wheat ut Virginia
points and the method Of determining
this price, says the director of the
Division of markets for Virginia.
The Government fixed the price on
wheat Mt Chicago with $500 FOR the
Northern Spring wheat as basis.
Other kinds of wheat were fixed ut
higher or lower prices according to
their value. The price set mt Baltimore
and Philadelphia is cents the bush
cl more for each grade than the same
grade commands ut Chicago. All Vir-
gina wheat had its price based on
Baltimore originally and the price of
wheat ut any Virginia point could
be determined by deducting the rate
of freight from that point to Balti-
NOR, plus lie bushel.
The freight rate on wheat from
many Virginia points to Baltimore
are very excessive and since these
high rates were subtracted from the
Government price ut Baltimore TO
determine the local value Of wheat,
this division with the cooperation Of
the Bureau of Markets at Washing
ton succeeded in having the Grain
Corporation establish Newport News
with the same price rs Baltimore
Newport News takes lower freight
rate from points on the c. and o.,
and all shipping points to the South
of the c. and o, with one or two I'M
important exceptions. The establish
ment of Newport News as substa-
ton means that the price of wheat
at all local points on the C. and O.
and south should be increased by the
difference in the freight rate per
bushel.
The greater part of the Virginia
wheat is purchased by local mills and
the price of this grain may be deter
mined as suggested above by deduct
ing the freight rate plus 1c n bushel
from the given Virginia point to eth
er Newport News or Baltimore, US
ing one of these two points that has
the lowest rate of freight, as a ba-
sis. For instance, to find the price
on No. 2 Soft Red Winter wheat at
Charlottesville:
Newport News price per BUSH
| el .................. 1922
Less freight rate per bushel
| Charlottesville to Newport
News, Goo plus lie, Z
Price at Charlottesville, ..... .S2.14
Before the establishment of New.
port News as a base the Charlottes.
vile price was determined by sub.
tracing the freight from Baltimore
which is 80 cents the bushel more
than to Newport News, so that the
establishment of Newport News as I
basis should mean a cents the bush
ell more to the farmers of this sec
ton.
l Mills that have capacity of II
barrels Of flour day and over ar,
regulated by the Government and ar,
required to pay for local wheat no
more than the price determined OF
the above basis. Dealers and small
millers are not at present restrict
ed as to the price they may pay TO
wheat and farmers may, of course
sell wheat for seed at any price tina
is agreed upon by the contracting
1 parties.
1t has been called to tie atten
ton of this division that in some sec
y tions of the State both millers an
r dealers are paying the farmers les
: for their wheat than the Governmer
a price. Where this is true the farme
s may obtain the Government price b
n shipping his wheat to either, Bait
}. more or Newport News where it wi
/" be purchased by the Government {
y sold in accordance with Governmer
regulations. The farmers should, how
= over, be certain of the grade of the
# wheat before shipping. Tho Cover