East Oregonian : E.O. (Pendleton, OR) 1888-current, 1917-08-13

.The grain exchanges are being
asked to suspend all dealings and
quotations in future wheat. These reg
ulations will come into force Septem-
Der 1, and the licenses will be pre-
pared this week
Nation to Buy surplus.
while farmers cooperative eleVa-
tors are excepted by the food Dill.
this, however. only applies to mutual
concerns and not TO stock compan
les. and in any event, under the al
vantages of joining the plan are
likely to stay out.
In substitution of the broken
down marketing machinery. the FOOD
administration proposes to open
agencies for the purchase of all
wheat at the principal terminals, car
rving on its transactions with. the usu-
al dealers. and IS prepared to take
the whole harvest If necessary in or
der to maintain a fair price, and VIII
resell wheat for export in such quan
titles as we can afford to part with
in protection of our own people on
one hand and to sell on the other TO
the mfllers for domestic consumption
The administration will make no
charge except a nominal percentage
to cover costs of the operation. ami
arrangements will be made which
VIII assure the government against
| loss.
'In order that nothing shall be ieft
to mischarge we are setting up
properly constituted and Independents
auditing committee which will check
all transactions at every point.
Fair Price to Be Maintained.
THE food administration under
these arrangements would have a
large influence in effecting the price
of wheat With a view to detern1in-
ing a fair price the president mas
approved the appointment of COM
m;ttee to be selected from represen-
| tatives of the producing sections ana
consuming elements in community
This committee will be assem- bled
under the chairmanship of Pres dent
Garfield OF williams college. and it
will be the duty of this committee TO
determine fair price for tho 1917
harvest. Upon the determination OF
this fair basis. it is the intention OF
the food admin straion to use every
authority given it under the bill and
the CuHAIOl VI PEI - " NAAN-NA
universally of this fair basis through
out the whole of the 1917 harvest
year without change or fluctuation
Advance Not TO Come.
.sIt should thus be clear that it will
not be to the advantage of any pro
ducer to hold back his grain in anttci-
patton 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 proect on TO 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 5 necessary for the ordinary
course Of their business, is unlawful
under the act. and such cases will be
prosecuted with viEor Again We
would advise such holders to uqui-
date their contracts AZ once,
BY the above arrangement. We
bel eve that we shall stabilize tn
price of wheat throughout the year;
that the hazards of operation due t.
fluctuating prices which are imvo
upou our milling and diStrihutirC
commun ty will be eliminated and
therefore their business can return 70
the normal lines and the normal mar
gins II profit and that we shall not
ONLY have stabilized the price cf
wheat. but stabilized the price 1t
flour. and that il should enable uS
to arrive at a stabilized price OF
bread
MiIIcrs VIII Cooperate.
THE fool administration has hti
the patriotic cooperation OF the lead
/ ing miIlers Of the country and the
milIers have organized. at the request
Of the food adm uistration. "a COM
mittee' to represent the entire trad'-
{ Detailed proposals for an agreed dit
| ferential profit and expenses per bar
rel of flour ami per ton Of feed tre
under discussion.
Under this arrangement the public
will be assured an equitable and sta
bIlized price Of flour haseI anon the
cost Of raw material and We Coou-
IDENTIFY expect the volunteer arranUn
ment with the mills when ~jl -ifs
satisfaction tu IN. public