South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-08-13

left To mischarge We are setting up
a properly constituted and independ-
ent auditing committee wn.eh viii
check all transactions at every point
Will Affect Wheat Prices
The food administration. under
these arrangements, would have a
large influence in affecting the price
Of wheat. With view to deter
mining a fair price. the president
has approved the appointment of a
committee 10 DC selected from rep
| resentatives of the producing sec
tions and consuming elements in the
community. This committee will be
| assem- bled under the Craftsmanship
of Prest Garfield of Williams col
| Iege. and it will be the duty Of this
! committee TO determine "A fair price
for the 1917 harvest. Upon the de-
termination of this fair basis. il Is
the intention Of the food admins
tration that every authority
given i'm the bill and the
control of exports 10 effect the uni
versatility of this fair basis through
out the whole Of the 1917 harvest
year without change or huctuation.
Ii should thus be clear that il will
not be TO the advantage Of anv pro-
Queer to hold back his grain in an
ticipatiOn of further advance, for
he will do SO only at his own cost
of storage and interest, and if il is
necessary for the government TO buy
the entire wheat harvest in order 10
maintain this fair price in protec-
ton of the producer. we intend to
do so.
Furthermore, the holding Of
wheat or flour contracts by persons
not engaged in the trade and when
even in trade. in large quantities
than is necessary for the ordinary
course Of their business. is unlaw-
full under the act and such cases
Will be prosecuted with vigor.
And we would advise such sol
diers to liquidate 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 operation due to
fiuctuating prices which are imposed
upon our milling and distributing
community will be eliminated and
] therefore their business can return
TO the normal lines and the normal
margins OF profit, and that we shall
not only have stabilized the price
Of wheat. but stabilized the price Of
-four, and that it should enable us
to arrive at a stabilized price of
bread.
Millers Cooperating.
Food administration has had the
patriotic cooperation of the leading
millers of the country and these mil
lers have organized, at the request
Of the food administration a COM
mittee TO represent the entire trade
Detailed proposals for an agreed
differential or profit and expense per
barrel of -four and per ton of feed,
are under discussion. Under this
arrangement the public will be as
sured an equitable and stabilized
price Of -four based upon the cost
OF raw materials and we confident
" expect the volunteer arrangement
with the mills which will give sat
isfaction to the public.
The universal endeavor over the
country to reduce consumption of
wheat breadstuffs in order that we
may have the requisite exports with
which 10 carry the allies over the
forthcoming winter. will result in
largely increased amount of wheat
; available for export. If il were ex-
ported as wheat. il would result in
diminutiOn Of employment in our
mills and of equal Importance, cur
tailment of supply of mill feed for
our dairy cattle Therefore, the
food administration will stipulate
for a large proportion Of export OF
-four instead of wheat and as the
export orders for -four will be given
subject 10 the approval of the food
administration, those mills who CO.
operate with the administration will
be given the benefit of the exports
employment BY thus encouragin
the home production Of -four, the
manufacturing cost will be reduced
and therefore the American pub
lie will receive indirect benefit in
lowered margins Of cost in distribu-
ton
"In accordance with the policy
OF the administration 20 cooperate
with all trades We are this week.
also discussing details of voluntary
arrangements with the -four distrib-
utors by which agreed maximum
. differrentials may DC effected in the
VII Dlesale trade
Probe Cost of Making Bread.
An exhaustive investigation is be-
ing made into the cost Of baking
and bread distribution Ind active
discussions are being carried on
with the Bakers War Emergency
. committee as u plans for the eli
, mination Of waste i'm the industry
and the production OF a standard
loaf.
J 1T is impossible TO anticipate that